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Amortization Table A loan of $5,000 is to be repaid over a 2-year period through equal quarterly installments with an interest rate of 13%
Amortization Table A loan of $5,000 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. N- 8 FV- P/Y.- 0 4 4 13 PV-5000 C/Y- PMT-alpha v PMT: (End/Begin) End Final Answer: $-1041.93 x Submit Show the answer (no points earned) and move to the next step
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