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I need answers for B, C, and D please The debt is amortized by equal payments made at the end of each payment interval Computo
I need answers for B, C, and D please
The debt is amortized by equal payments made at the end of each payment interval Computo (a) the size of the periodic payments: (b) the outstanding principal at the time indicated; (c) the Interest paid by the payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal Debt Principal Repayment Payment Interest Rate Conversion Outstanding Period Interval Period Principal After: $16,000 6 years 6 months 7% semi-annually 7th payment (a) The size of the periodic payment is $ 1655.74 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal after the 7th payment is $0 (Round the final answer to the nearest cont as needed. Round all intermediate values to six decimal places as needed) Step by Step Solution
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