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What is the outstanding principal after payment

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An auto repair shop borrowed ?$45200 to be repaid by quarterly payments over 12 years. Interest on the loan is 4% compounded quarterly.

Problem ?(a) What is the size of the periodic? payment?

Problem ?(b) What is the outstanding principal after payment 23??

Problem ?(c) What is the interest paid on payment 24??

Problem ?(d) How much principal is repaid in payment 26??

Reference no: EM132840937

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