Construct a partial amortization schedule

Reference no: EM131982139

Question: The Henrikson Construction Company borrowed $75.000 at 11.20% compounded quarterly to buy construction equipment. Payments of $3500 are to be made at the end of every three months.

(i) How many payments are required?

(ii) Construct a partial amortization schedule showing the details of the last three payments and the totals.

Reference no: EM131982139

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