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3. A debt of $81000.00 with interest at 4% compounded quarterly is to be repaid by payments at the end of every 3 months over

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3. A debt of $81000.00 with interest at 4% compounded quarterly is to be repaid by payments at the end of every 3 months over 14 years. (a) What is the size of quarterly payment?(3) Answer: (b) Construct an amortization schedule showing the details of the first three payments? (2+1+1) Answer: Amortization table for the first three payments

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