The debt is amortized by equal payments made at the end of each payment interval. Compute...

 

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The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Debt Principal Interest Rate Repayment Period 6 years Conversion Period monthly Outstanding Principal After: 4th payment $18,000.00 Payment Interval 3 months 12% (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Debt Principal Interest Rate Repayment Period 6 years Conversion Period monthly Outstanding Principal After: 4th payment $18,000.00 Payment Interval 3 months 12% (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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Calculation P Principal 18000 i Interest rate pe... View the full answer