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4. Amortization A homebuilder has taken out a $300,000 loan with 8% APR with quarterly compounding to build a house. On this loan, the firm

4. Amortization A homebuilder has taken out a $300,000 loan with 8% APR with quarterly compounding to build a house. On this loan, the firm is supposed to pay an equal amount every quarter for the next three years. The first payment will be a quarter from now. (a) What will the quarterly payment be? (b) Present the amortization schedule as below:
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4. Amortization A homebuilder has taken out a $300,000 loan with 8% APR with quarterly compounding to build a house. On this loan, the firm is supposed to pay an equal amount every quarter for the next three years. The first payment will be a quarter from now. (a) What will the quarterly payment be? (b) Present the amortization schedule as below

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