APPLIED ACTIVITY PART-2 WEEK-11 WORTH 5% OF FINAL GRADES Due: Fri, Nov 26 2021 at 11:59 pm VIEW ATTACHMENTS (1) You bought a car by taking a loan of amount Range ($40000-$70000, take any amount between this range in terms of hundreds (for example: 47500 or 54200 or 57800) just for making it individual for everyone, as no two persons can have the same amount). The rate of interest is Range (4% -8% p.a. compounded quarterly, take any value in this range up to 4 decimal places: just for making it individual for everyone, as no two persons can have the same rate). You need to pay this amount in 3 years by quarterly payments. Find out the periodic payment up to 2 decimal places and then create the Amortization Schedule for the loan you are paying. APPLIED ACTIVITY PART-2 WEEK-11 WORTH 5% OF FINAL GRADES Due: Fri, Nov 26 2021 at 11:59 pm VIEW ATTACHMENTS (1) The rate of interest is Range (4% - 8% p.a. compounded quarterly, take any value in this range up to 4 decimal places: just for making it individual for everyone, as no two persons can have the same rate). You need to pay this amount in 3 years by quarterly payments. Find out the periodic payment up to 2 decimal places and then create the Amortization Schedule for the loan you are paying. If you want to pay the complete loan after 7th payment, what amount you should pay to done the loan. Complete the activity by showing all the steps neatly