Question: Just substitute the values for #1 Original balance, #2 PMT and #3 periodic rate. Make sure not to make any other changes. A loan of
Just substitute the values for #1 Original balance, #2 PMT and #3 periodic rate. Make sure not to make any other changes. A loan of $10000 is repaid by equal payments made at the end of every 3 months for 2 years. If interest is 9% compounded quarterly, calculate the size of the quarterly payment and construct the amortization schedule below
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