A loan of $45,000 at 8% compounded quarterly is to be amortized over four years with equal

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A loan of $45,000 at 8% compounded quarterly is to be amortized over four years with equal payments made at the end of every three months. How much interest will be included in the first payment?

Posted Date: May 17, 2024 04:11 PM

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A loan of $45,000 at 8% compounded quarterly is to be amortized over four years with equal

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