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A debt of $41,000 is repaid over 12 years with payments occurring monthly. Interest is 3% compeunded quarterly. (a) What is the size of the

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A debt of $41,000 is repaid over 12 years with payments occurring monthly. Interest is 3% compeunded quarterly. (a) What is the size of the periodic payment? (b) What is the cutstanding principal after payment 21? (c) What is the interest paid on payment 22? (d) How much principal is repaid in payment 22 ? (a) The size of the periodic payment is $339.25. (Round the final answer to the nearest cent as neoded. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal is 5 (Round the Enal arswer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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