You need to borrow $55,000 for a new car. The annual interest rate is 4%, compounded quarterly. You will be making quarterly payments for three years.  What is your quarterly payment? 
How much will you owe on the loan after you make the first payment?

For a loan of $55,000 with an annual interest rate of 4%, compounded quarterly, the quarterly payment is $1,364.95. After making the first payment of that amount, the remaining balance will be $53,635.05 since only a portion of each payment goes towards repaying principal and most goes to paying off the accrued interest.

The formula for calculating monthly payments is: P = (L*i)/[(1-(1+i)^-n)] where P is total payment; L is loan amount; i is interest rate per period & n is number of periods. In this case; L = 55000, i = 0.04/4 and n = 12 x 3 thus yielding a total figure of 1,364.95.

Ultimately though having an effective strategy should enable entities better manage their finances while still achieving desired outcomes regardless of any underlying circumstances pertaining to their particular situation