What is the total interest paid

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Reference no: EM13927953

Suppose that a debt of $2200 with interest at i^(4) = 0.10 is amortized by payments of $500 at the end of each quarter for as long as possible.

Create the amortization schedule.

How many payments are made?

What is the last payment?

What is the total interest paid?

Reference no: EM13927953

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