The owner of a manufacturing plant borrows $170,000 to buy new robotic equipment for the plant. The loan is to be repaid over 17 years in equal quarterly payments at 4% annual interest with no payments for the first year (interest does accrue the first year). How much will the owner's quarterly payments be? Express your answer in $ to the nearest $10.

Question

The owner of a manufacturing plant borrows $170,000 to buy new robotic equipment for the plant.  The loan is to be repaid over 17 years in equal quarterly payments at 4% annual interest with no payments for the first year (interest does accrue the first year).  How much will the owner's quarterly payments be?  Express your answer in $ to the nearest $10.