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Make the partial amortization schedule for the loan

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Question - Aaron received a loan of $35,000 at 5.25% compounded quarterly. She had to make payments at the end of every quarter for a period of 5 years to settle the loan.

a. Calculate the size of payments.

b. Make the partial amortization schedule for the loan, rounding your answers to two decimal places.

Reference no: EM133067357

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