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What is the total paid and the total interest

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Question - A loan of $17,000 with interest at 7% compounded quarterly is repaid in 10 years by equal payments made at the end of each 1 month.

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

(b) Construct an amortization schedule showing the details of the last three payments.

(c) What is the total paid and the total interest?

Reference no: EM132606372

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