Construct an amortization schedule for the loan

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Reference no: EM131898726

Arthur decides to amortize a $4,000 loan with three quarterly payments at an interest rate of 5.4% compounded quarterly. The loan was obtained on August 17th , 2017 with the first payment due on November 17th , 2017.

a. What is the size of her quarterly payment??

B. construct an amortization schedule for the loan.

Reference no: EM131898726

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