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Set up an amortization schedule that amortizes $500,000 with 5 years of cyclical quarterly payments. The...

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Finance

Set up an amortization schedule that amortizes $500,000 with 5years of cyclical quarterly payments. The annual interest rate is6%. The Payment Schedule is:one-third normal payments at the end ofquarter 1, normal payments at the end of quarters 2 and 3, and 50%of a normal payment at the end of quarter 4

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