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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

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 after the 7th payment c) the interest paid by the 8th payment d) the principal repaid by the 8th payment

Debt Principal: $13,000 Repayment Period: 6 Years Payment Interval: 6 months Interest Rate: 8% Conversion Period: Quarterly Outstanding Principal After: 7th payment

(Round all final answers to the nearest cent as needed).

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