Alysha would like to borrow $49,000 to pay one year's tuition at a private U

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Alysha would like to borrow $49,000 to pay one year's tuition at a private U.S. university. She would like to make quarterly payments and finish repaying the loan in 5 years. If the bank is quoting her a rate of 4 percent compounded monthly, determine her quarterly payment. (Round effective interest rate to 4 decimal places, eg. 25.1253% and final answer to 2 decimal places, eg. 125.12.)