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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;

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; and(d) the principal repaid by the payment following the time indicated for finding the outstanding principal.
Debt Principle - $12,000
Repayment Period -8
years
6%- rate, conversion period - monthly, outstanding principle -8th payment

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