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An auto repair shop borrowed $14,000 to be repaid by quarterly payments over 6 years. Interest on the loan is 5% compounded quarterly. (a) What

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An auto repair shop borrowed $14,000 to be repaid by quarterly payments over 6 years. Interest on the loan is 5% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 11? (c) What is the interest paid on payment 12? (d) How much principal is repaid in payment 12

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