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#4 the answer $8077.80 is provided to us. I need the work that shows the steps we took to come up with this answer. Excel
#4 the answer $8077.80 is provided to us. I need the work that shows the steps we took to come up with this answer. Excel and financial calculators are not allowed. Thank you
4. To settle a $18,000 loan, a company will pay $1000 at the end of each quarter. If the interest rate is 9.6% compounded quarterly, determine the size of the 16th payment if the 16th payment is increased to settle the entire debt. 5. A debt of $9,000 will be settled with 5 annual payments. If the interest rate is 6.2% compounded annually, determine the size of the annual payment rounded up to the nearest dollar and construct the amortization table, (payment: $2149.00, concluding payment: $2144.50 ) CA If the interest rate is 19 4% compoundedStep by Step Solution
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