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Need to confirm my answer. Its getting wrong for me. Thanks !! The debt is amortized by the periodic payment shown. Compute (a) the number
Need to confirm my answer. Its getting wrong for me. Thanks !!
The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal Debt Payment Payment Conversion Outstanding Interval Interest Rate Period Principal After: $14,000 $1,039 1 month 10% quarterly 6th payment (a) The number of payments required to amortize the debt is (Round up to the nearest integer.) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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