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A loan of $ 8 8 5 0 is repaid by equal payment of $ 8 2 4 . 0 6 made at the end

A loan of $8850 is repaid by equal payment of $824.06 made at the end of every three months for 3 years. If interest is 7% compounded quarterly ,Create partial amortization schedule for first four payments: ( Round values up to two d.p.)Payment #Amount PaidInterest Paid (i=0.0175)Principal PaidOutstanding Balance088501824.062824.063824.064824.06

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