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What is the repayment on a $10,000 fully amortizing loan, if the repayments are made quarterly over five years and the interest rate is 12%

What is the repayment on a $10,000 fully amortizing loan, if the repayments are made quarterly over five years and the interest rate is 12% p.a. with quarterly compounding? 


Prepare an amortization schedule for the first year of the loan showing interest for the period and ending balance.

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