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A debt of $10000.00 with interest at 8% compounded quarterly is to be repaid by...

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Accounting

A debt of $10000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months for two years.a) Calculate the size of the monthly payments.b) Construct an amortization table.c) Calculate the outstanding balance after three payments.

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