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What is the size of the periodic? payment

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A debt of $36,000 is repaid over 10 years with payments occurring quarterly. Interest is 8% compounded semi-annually.

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

Problem ?(b) What is the outstanding principal after payment 27??

Problem ?(c) What is the interest paid on payment 28??

Problem ?(d) How much principal is repaid in payment 28??

Reference no: EM132844178

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