(a) A loan of £36,000 is to be repaid with 12 equal quarterly instalments. The nom- inal rate of interest per annum convertible 12-thly is 4%. Find the amount of each quarterly repayment, assuming...

Extracted text: (a) A loan of £36,000 is to be repaid with 12 equal quarterly instalments. The nom- inal rate of interest per annum convertible 12-thly is 4%. Find the amount of each quarterly repayment, assuming that payments are made (i) at the end of each quarter, (ii) at the beginning of each quarter.