Lionel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the

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Lionel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the end of every quarter for a period of 1 year to settle the loan.

a.Calculate the size of payments.

Round to the nearest cent

b.Fill in the amortization schedule, rounding the answers to two decimal places.

Posted Date: May 18, 2024 06:15 PM

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Lionel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the

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