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What is the outstanding principal after payment

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A debt of ?$30,000 is repaid over 11 years with payments occurring semi-annually. Interest is 9% compounded quarterly.

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

Problem ?(b) What is the outstanding principal after payment 14??

Problem ?(c) What is the interest paid on payment 15??

Problem ?(d) How much principal is repaid in payment 15??

Reference no: EM132971248

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