Question: Suppose that the loan in Problem 2 permits an additional prepayment of principal on any scheduled payment date. Prepare another amortization schedule that reflects a

Suppose that the loan in Problem 2 permits an additional prepayment of principal on any scheduled payment date. Prepare another amortization schedule that reflects a prepayment of $1500 with the third scheduled payment.
In Problem 2
Dr. Alvano borrowed $8000 at 8% compounded quarterly to purchase a new X-ray machine for his clinic. The agreement requires quarterly payments during a two-year amortization period.

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