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A loan of $18,000 with interest at 10% compounded quarterly is repaid in 7 years by equal payments made at the end of ea
Posted: Sun Jul 10, 2022 11:12 am
by answerhappygod
- A Loan Of 18 000 With Interest At 10 Compounded Quarterly Is Repaid In 7 Years By Equal Payments Made At The End Of Ea 1 (16.34 KiB) Viewed 41 times
A loan of $18,000 with interest at 10% compounded quarterly is repaid in 7 years by equal payments made at the end of each 6 months. (a) What is the size of the periodic payment? (b) Construct an amortization schedule showing the details of the last three payments. (c) What is the total paid and the total interest?