If the yearly nominal rate of interest compounded quarterly


A $800 loan is being repaid by payments of $100 at the end of each quarter for as long as necessary, plus a smaller final payment. If the yearly nominal rate of interest compounded quarterly is 16%, write down the full amortization schedule for the loan. Please work it on Excel, and show your amortization table.

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Financial Management: If the yearly nominal rate of interest compounded quarterly
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