Question: A loan is being repaid by the amortization method with an installment at the end of each 80 quarters at 6% annual effective interest, the

A loan is being repaid by the amortization method with an installment at the end of each 80 quarters at 6% annual effective interest, the first payment one quarter after the loan is made. In which payment are the principal and the interest most nearly equal to each other?

ANS: 33 Please show the steps.

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