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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. Computea 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; andd the principal repaid by the payment following the time indicated for finding the outstanding principal.
Debt Principle $
Repayment Period
years
rate, conversion period monthly, outstanding principle th payment
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