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No of years to repay loan = 36 Number of quarters to repay loan = 144 Nominal interest rate compounded quarterly = 9% Effective quarterly

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No of years to repay loan = 36 Number of quarters to repay loan = 144 Nominal interest rate compounded quarterly = 9% Effective quarterly interest rate = 2.25% Original loan amount = $947,742 Find the quarterly repayment amount using the PMT formula in excel. Also create a loan amortisation schedule in excel for next 8 quarters using the given data

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