Question
Alexis received a loan of $1,400 at 5.50% compounded quarterly. She had to make payments at the end of every quarter for 1 year to
Alexis received a loan of $1,400 at 5.50% compounded quarterly. She had to make payments at the end of every quarter for 1 year to settle the loan.
a. Calculate the size of the quarterly payments.
Round to the nearest cent
b. Complete the amortization schedule, rounding the answers to the nearest cent.
| Payment Number | Amount Paid | Interest Portion | Principal Portion | Principal Balance |
| 0 | $1,400.00 | |||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| Total |
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The Cyber Attack Survival Manual
Authors: Heather Vescent ,Nick Selby
1st Edition
1681886545, 978-1681886541
