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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 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 Payment Conversion Outstanding Interest Rate Period Interval Period Principal After: $12,000.00 5 years 6 months 6% monthly 5th payment
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