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 payment

b)the interest paid, principal repaid, and the balance for the first period

Debt Principal. Repayment Period. Payment Period. Interest Rate. Compounding Period

$12000. 8 years 3 months 10% Quarterly

$8000 5 years 1 month 12% Monthly

$15000. 10 years 6 months 8% semi-annually

$9600 7 years 1 year 6% annually