Pls solve this question correctly in 5 min i will give u 3 like instantly for sure KA debt of $45,000 is repaid over 13 years with payments occurring monthly Interest is 6% compounded quarterly(a) What is the size of the periodic payment?(b) What is the outstanding principal after payment 887(c) What is the interest paid on payment 89?(d) How much principal is repaid in payment 89?CIX

Here, To Find: Part A. Size of periodic payment =? Part B. Outstanding principal after payment 88…

Answered: A debt of $45,000 is repaid over 13…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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