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Construct an amortization schedule

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Reference no: EM133074608

Construct an amortization schedule for a $100, 12% nominal rate loan with 8 quarterquarterly equal payments.

a. Find payment:

b. Find periodic rate.

c. Find interest payment for first quarter.

d. Find principal payment for first month.

e. Find ending balance for first month.

f. Find Total monthly payment

Reference no: EM133074608

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