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answer A debt of $10000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months
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A debt of $10000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months for two years. a) Calculate the size of the monthly payments. PV=10000n=8i=0.02PMT51365.10 b) Complete the amortization table Step by Step Solution
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
