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A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by payments of $5,000 at the end of each quarter for
A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by payments of $5,000 at the end of each quarter for as long as necessary. Construct an amortization schedule showing the distribution of the payments as to interest and the repayment of principal.
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