A car loan of $8,000 is repaid by equal payments made at the end of every three months for two years. If interest is 7%

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answerhappygod
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A car loan of $8,000 is repaid by equal payments made at the end of every three months for two years. If interest is 7%

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A car loan of $8,000 is repaid by equal payments made at the end
of every three months for two years. If interest is 7% compounded
quarterly, calculate the size of the quarterly payments, and
construct an amortization schedule showing details of the first two
payments, the last two payments, and totals.
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