Question: Construct an amortization schedule for a $100, 12% nominal rate loan with 8 quarter equal payments. a.Find quarterly payment: b.Find periodic rate. c.Find interest payment

Construct an amortization schedule for a $100, 12% nominal rate loan with 8 quarter equal payments.

a.Find quarterly payment:

b.Find periodic rate.

c.Find interest payment for first quarter.

d.Find principal payment for first month.

e.Find ending balance for first month.

f.Find Total monthly payment

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