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- You have taken out a loan of $14_UUD for 4 years with an interest rate of T96 compounded annually. The loan will be repaid
- You have taken out a loan of $14_UUD for 4 years with an interest rate of T96 compounded annually. The loan will be repaid by end of year payments. Fill in all the boxes below, and round all entries to the nearest cent. Enter onlyr positive Ivalues for ALL ANSWERS. First 3 payment amounts: $- Payment Payment Interest Principal repaid Balance n_umber amount - A $23,230 loan is to be settled by making payments of $6,339 at the end of every three months. The interest is 6.39% compounded semiannually. a) Find the number of payments in the term. N = C] [1) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Interest Portion Principal Portion Loan Balance ($1 Amount($} PMT ($) INT ($1 PRN EAL CE\" SE\" SE\" CE\" Payment Number UUUUU Question 3 - Enrique took out a mortgage of $TD2,UCIU for a house and just made the 1U2nd end of month payment. If interest on the loan was 4.4T% compounded monthly and the mortgage has a period of 20' years. Round ALL amwers to two decimal places if necessary. 1} What are his monthly payments? 2} What is his current outstanding balance after the 102nd payment? positive value)
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