A 65 000 loan at 46 compounded monthly requires quarterly, Financial Management

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A 65 000 loan at 46 compounded monthly requires quarterly

A $65 000 loan at 4.6 compounded monthly, requires quarterly payments of $1590.65 for 14 years.

a) Determine the principal repaid in the 10th payment.

b) Determin the interest paid in the 7th payment

c) Determine the interest paid in the 7th year

d) Determine the final payment

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Financial Management: A 65 000 loan at 46 compounded monthly requires quarterly

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Financial Management: A 65 000 loan at 46 compounded monthly requires quarterly

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