With how many biweekly payments does Mr. Villalobos amortize a loan of $236,465, if the first is for $5,300, the following ones increase by 1.1% successively and charge him a rate of 12.48% biweekly nominal interest? Develop the amortization table.

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To determine the number of biweekly payments and create an amortization table we need to calculate t... View the full answer