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please answer in text(without image) it is easy to copy A debt of $35,000 is repaid over 9 years with payments occurring semi-annually. Interest is
please answer in text(without image) it is easy to copy
A debt of $35,000 is repaid over 9 years with payments occurring semi-annually. Interest is 11% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8Step by Step Solution
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