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Calculate the total interest charges

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Dr. Alvano borrowed $9300 at 8% compounded quarterly to purchase a new X-ray machine for his clinic. The agreement requires quarterly payments during a two-year amortization period. Prepare the full amortization schedule for the loan. Calculate the total interest charges. (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)

Reference no: EM132491645

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