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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 $78,000.00 at 9% compounded quarterly for 7 years to buy a warehouse. Equal payments are made at the end of every 3 months. (a)(b)(c)(d)Determine the size of the quarterly payments.Compute the interest included in payment 9Determine the principal repaid in payment period 13.Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.

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