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Construct a partial amortization table of including totals

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A debt of $80,000 is amortized by making equal payments at the end of every month for ten years. Interest is 6% compounded quarterly.

Question a) Construct a partial amortization table of including totals of 1, 2, 3, 44, 66, and 77.

including

Amount Paid

Interest Paid

Principal Repaid

Outstanding Principal Balance

Give the total amounts for every payment.

 

Reference no: EM132599672

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