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I A $50,000 loan has been acquired for APR=6% to be paid-off in 5 years quarterly. A) What is the quarterly payment rounded to the
I A $50,000 loan has been acquired for APR=6% to be paid-off in 5 years quarterly. A) What is the quarterly payment rounded to the nearest penny? B) If the payer decides to pay extra $500 every quarter, prepare an amortization table for paying off of this loan. Hint: extra payments will go 100% toward the principal of the borrowed money. (30 points) Show the details of the 1st month calculations
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