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A $22,950 loan is to be settled by making payments of $6,934 at the end of every month. The interest is 6.29% compounded quarterly.

A ( $ 22,950 ) loan is to be settled by making payments of ( $ 6,934 ) at the end of every month. The interest is ( m

A $22,950 loan is to be settled by making payments of $6,934 at the end of every month. The interest is 6.29% compounded quarterly. a) Find the number of payments in the term. N b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount ($) PMT $ $ $ $ = Interest Portion ($) INT SA 6A Principal Portion ($) PRN FA $ $ $ $ Loan Balance ($) BAL $ $ $ GA $ $22,950

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