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Allison received a loan of $ 2 4 , 0 0 0 at 6 . 7 5 % compounded quarterly. He had to make payments
Allison received a loan of $ at compounded quarterly. He had to make payments at the end of every quarter for a period of years to settle the loan.
a Calculate the size of payments.
Round to the nearest cent
b Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places.
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