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A loan of $14,000 is to be repaid over a 2 -year period through equal quarterly installments with an interest rate of 13% per year
A loan of $14,000 is to be repaid over a 2 -year period through equal quarterly installments with an interest rate of 13% per year compounded quarterly. Determine the size of each installment. Part 1 of 2 Use a TVM solver to solve this problem. Fill in the information that you typed into the TVM solver. Round the final answer to two decimal places. Final Answer: $ Part 2 of 2 Verify the installment amount by filling in the amortization table
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