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Katec Corporation borrowed $ 7 8 , 0 0 0 . 0 0 at 9 % compounded quarterly for 7 years to buy a warehouse.
Katec Corporation borrowed $ at compounded quarterly for years to buy a warehouse. Equal payments are made at the end of every months. abcdDetermine the size of the quarterly payments.Compute the interest included in payment Determine the principal repaid in payment period Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.
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