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Student Id: Name Just substitute the values for #1 Original balance, #2 PMT and #3 periodic rate. Make sure not to make any other changes.

Student Id: Name Just substitute the values for #1 Original balance, #2 PMT and #3 periodic rate. Make sure not to make any other changes. A loan of $9000 is repaid by equal payments made at the end of every 3 months for 2 years. If interest is 8% compounded quarterly, calculate the size of the quarterly payment and construct the amortization schedule bele Payment number Amount Paid Interest paid Principal Repaid Outstanding Principal Balance Original balance #1 0 1 PMT+2 2 PMT02 PMT 2 periodic rate Total 3 PMT 2 4 PMT02 5 PMT 2 6 PMT 2 7 PMT+2

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