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A $23,050 loan is to be settled by making payments of $6,841 at the end of every three months. The interest is 7.63% compounded monthly.

A $23,050 loan is to be settled by making payments of $6,841 at the end of every three months. The interest is 7.63% compounded monthly.

a) Find the number of payments in the term (Round off to two decimal places). Incorrect

b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places.image text in transcribed

A $23,050 loan is to be settled by making payments of $6,841 at the end of every three months. The interest is 7.63% compounded monthly. 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

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