Taylor received a loan of $9,000 at 5.25% compounded quarterly. She had to make payments at...

 

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Taylor received a loan of $9,000 at 5.25% compounded quarterly. She 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. (Answer where there are question mark) Payment Number Amount Paid Interest Portion Principal Portion Principal Balance 0 $9,000.00 1 ? ? ? ? 2 ? ? ? ? 3 ? ? ? ? 4 ? ? ? ? Total ? ? ? ? Taylor received a loan of $9,000 at 5.25% compounded quarterly. She 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. (Answer where there are question mark) Payment Number Amount Paid Interest Portion Principal Portion Principal Balance 0 $9,000.00 1 ? ? ? ? 2 ? ? ? ? 3 ? ? ? ? 4 ? ? ? ? Total ? ? ? ?