The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c.

Debt Principal Repayment Period

$12,000.00 10 years

Payment Interval 1 month

Interest Rate

Conversion Period quarterly

Outstanding Principal After: 7th payment

(a) The size of the periodic payment is $

.

(Round the final answer to the nearest cent as needed. needed.)

(b) The outstanding principal after the 7th payment is $

(Round the final answer to the nearest cent as needed. needed.)

(c) The interest paid by the 8th payment is $

(Round the final answer to the nearest cent as needed. needed.)

(d) The principal repaid by the 8th payment is $

(Round the final answer to the nearest cent as needed. needed.)

Round all intermediate values to six decimal places as

.

Round all intermediate values to six decimal places as

.

Round all intermediate values to six decimal places as

.

Round all intermediate values to six decimal places as

2. The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Repayment Payment Debt Principal Conversion Outstanding Interest Rate Period Interval Period Principal After: $12,000.00 10 years 1 month 3% quarterly 7th payment (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal after the 7th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest paid by the 8th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid by the 8th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)