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A debt of $30 000 with interest at 9.75% compounded quarterly is to be repaid by equali payments at the end of each year for

A debt of $30 000 with interest at 9.75% compounded quarterly is to be repaid by equali payments at the end of each year for seven years. i. What is the size of the annual payment? ii. For the first payment, how much of the payment is interest? iii. For the first payment, how much of the loan is repaid? iv. After the first payment, how much of the loan remains to be paid? v. Construct an amortization schedule

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