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answer # 3 please and show work If you choose, you can use Excel's CUMIPMT, CUMPRINC, NPER, PMT, or PV functions to answer the following

answer # 3 please and show work
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If you choose, you can use Excel's CUMIPMT, CUMPRINC, NPER, PMT, or PV functions to answer the following questions. A. For each of the following four debts amortized by equal payments made at the end of each payment interval, compute (a) the size of the periodic payments; (b) the interest paid, principal repaid, and the balance for the first period; and (c) the interest paid, principal repaid, and the balance for the second period. Debt Principal $ Repayment Period Payment Interest Period Compounding Period Rate % 12 000 8 years 3 months 10 Quarterly 8000 5 years 1 month 12 2. Monthly 3. 15 000 10 years 6 months 8 Semi-annually 4. 9600 7 years 1 year 6 Annually

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