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A five-year loan of $25,000 at 7.2% compounded quarterly requires quarterly payments.(Round your answer to 2 decimal places.) A. Calculate the interest component of Payment
A five-year loan of $25,000 at 7.2% compounded quarterly requires quarterly payments.(Round your answer to 2 decimal places.)
A. Calculate the interest component of Payment 10.Interest component $____
B. Calculate the principal component of Payment 13.Principal component $____
C. Calculate the total interest in Payments 5 to 10 inclusive.Total interest $____
D. Calculate the principal paid in Year 4.Principal paid $____
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