Consider a loan of $1400 at 5% compounded quarterly, with 6 quarterly payments. Find the...
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Accounting
Consider a loan of $1400 at 5% compounded quarterly, with 6 quarterly payments.
Find the following.
(a) the payment necessary to amortize the loan
(b) the total payments and the total amount of interest paid based on the calculated quarterly payments
(c) the total payments and total amount of interest paid based upon an amortization table.
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