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A $22,450 loan is to be settled by making payments of $7,275 at the end of every three months. The interest is 4.52% compounded quarterly

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A $22,450 loan is to be settled by making payments of $7,275 at the end of every three months. The interest is 4.52% compounded quarterly a) Find the number of payments in the term (Round off to two decimal places). b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Payment Number Payment Amount(s) PMT Interest Portion (8) Principal Portion (5) INT PRN Loan Balance (5) BAL 0 1 $ N 3 $ 4

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