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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. Repayment Payment Conversion Debt Principal Interest Rate Outstanding Period Interval Period Principal After: $12,000.00 10 years 3 months 10% semi-annually 6th payment (a) The size of the periodic payment is $ 1074.79 (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 $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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