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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 outs anding 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 Repayment Payment Conversion Outstanding Interest Rate Principal Period Interval Period Principal After: $13,000.00 9 years 6 months 3% quarterly 6th payment (a) The size of the periodic payment is s (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 6th 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 7th 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 7th payment is 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter your answer in each of the answer boxes. 0 of 1 02/02/21 Chapter 9/10 Test Rewrite
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