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A debt of $34,000 is repaid over 13 years with payments occurring monthly. Interest is 10% compounded annually. (a) What is the size of the

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A debt of $34,000 is repaid over 13 years with payments occurring monthly. Interest is 10% compounded annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal is $ (Round the final swer to the nearest cent needed. Round all intermediate values to six decimal places needed.) (c) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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