Question: Setup an amortization schedule for a $96,000 loan, to be repaid in 2 years with quarterly payments at an interest rate of 8%, compounded quarterly.

  • Setup an amortization schedule for a $96,000 loan, to be repaid in 2 years with quarterly payments at an interest rate of 8%, compounded quarterly.

Semi-annual period Beginning balance Payment Interest Repayment of principal Ending balance

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