A $23,300 loan is to be settled by making payments of $7,460 at the end of every six months. The interest is 7.82% compounded quarterly. a) Find the number of payments in the term (Round off to two...

A
$23,300
loan is to be settled by making payments of
$7,460
at the end of every six months. The interest is
7.82%
compounded quarterly.

a)
Find the number of payments in the term (Round off to two decimal places).

b)
Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places.

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Jun 06, 2022

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