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Calculate the maturity value of end-of-month payments of $4,500 made at 2.98% compounded quarterly for...

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Accounting

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Calculate the maturity value of end-of-month payments of $4,500 made at 2.98% compounded quarterly for 6 years. $0.00 Round to the nearest cent Falco Inc, financed the purchase of a machine with a loan at 3.59% compounded quarterly. This loan will be settled by making payments of $7,300 at the end of every quarter for 8 years. a. What was the principal balance of the loan? $0.00 Round to the nearest cent b. What was the total amount of interest charged? Round to the nearest cent

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