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14.2.B.3 A debt of $30,000 is repaid over 14 years with payments occurring semi-annually. Interest is 8% compounded quarterly. (a) What is the size of
14.2.B.3 A debt of $30,000 is repaid over 14 years with payments occurring semi-annually. Interest is 8% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 20? (c) What is the interest paid on payment 21? (d) How much principal is repaid in payment 21
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