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18) A loan of $200,000 at 8% compounded quarterly, will be repaid with 4 identical payments every 3 months (end of quarter) over 1 year.

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18) A loan of $200,000 at 8% compounded quarterly, will be repaid with 4 identical payments every 3 months (end of quarter) over 1 year. (6 marks total) I a. Find the size of the end of quarter payments. (2) b. Fill pout the ENTIRE Amortization Schedule for the loan (Chapter 14.1) -(4) Payment Amount Number Paid Interest paid Principal repaid Balance after payment 0 $200,000.00 1 NI 3 4

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