A nurse borrowed \\( P 100,000 \\) to pay for the processing fee of her...
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A nurse borrowed \\( P 100,000 \\) to pay for the processing fee of her papers to work in the US. She borrowed from a financing company charging \10 compounded quarterly. The loan is to be amortized by quarterly payments for a term of one year. (a) How much is the quarterly payment? (b) Construct an amortization schedule for this loan
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