Question: You need to construct an amortization schedule for a $400, 12% nominal rate loan with 8 quarters equal payments. Note: To receive full credit, show

You need to construct an amortization schedule for a $400, 12% nominal rate loan with 8 quarters equal payments. Note: To receive full credit, show numbers / formulas you used to get your answer(s) a. (10 points) Find quarterly payment. b. (5 points)Find periodic rate. c. (5 points)Find the ending balance of first quarter

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