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Milton Investments borrowed $ 3 2 , 0 0 0 at 1 1 % compounded semi - annually. The loan is repaid by payments of
Milton Investments borrowed $ at compounded semiannually. The loan is repaid by payments of $ due at the end of every six months. Complete parts a though c
a How many payments are needed?
The number of payments is
Round up to the nearest whole number.
b What is the principal repaid by the fifth payment?
The amount of the principal repaid by the fifth payment is $
Round to the nearest cent as needed.
c Prepare a partial amortization schedule showing the details of the last three payments and totals.
Round to the nearest cent as needed. Do not include the $ symbol in your answers.
Please help me to check question c
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