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Kindly assist me ASAP Tricana Corporation borrowed $69,000.00 at 7% compounded monthly for 6 years to buy a warehouse. Equal payments are made at the
Kindly assist me ASAP
Tricana Corporation borrowed $69,000.00 at 7% compounded monthly for 6 years to buy a warehouse. Equal payments are made at the end of every month. (a) Determine the size of the monthly payments. (b) Compute the interest included in payment 25. (c) Determine the principal repaid in payment period 10. (d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals. (a) The size of the monthly payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest included in payment 25 is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The principal repaid in payment period 10 is 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) Complete the table below for the first three payments in the schedule. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Amount Paid Interest Paid Principal Repaid 0 1 Outstanding Principal Balance $69,000.00 $ 2 3 3 S $ Next TOStep by Step Solution
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