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Austin received a loan of $12,000 at 4.75% compounded quarterly. He had to make payments at the end of every quarter for a period of
Austin received a loan of $12,000 at 4.75% compounded quarterly. He had to make payments at the end of every quarter for a period of 1 year to settle the loan. a. Calculate the size of payments. Round to the nearest cent . Fill in the amortization schedule, rounding the answers to two decimal places. Payment Number Amount Paid Interest Portion Principal Portion Principal Balance 0 $12,000.00 1 2. 1 2 3 4 Total
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