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Buzz Williams has determined that the Virginia Tech basketball team needs some new uniforms, not funded by Adidas or Nike, but purchased by the coach. Coach Williams didnt want to spend cash, so to purchase the uniforms he borrowed $18,000 to be repaid in quarterly installments over the next five years. The interest rate Buzz is being charged is 20% per year compounded quarterly. How much will Coach Williamss quarterly payment be? Choose the closest answer below OA. $1,140 ○ B. $1,440 OC. $1,640 O D. $1,340

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ly) 18000 .

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