Question
Asked Jan 16, 2020
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interest per quarter on the unpaid balance.
44. Construct the amortization schedule for a $10,000 debt that is
to be amortized in six equal quarterly payments at 2.6% inter-
est per quarter on the unpaid balance.
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interest per quarter on the unpaid balance. 44. Construct the amortization schedule for a $10,000 debt that is to be amortized in six equal quarterly payments at 2.6% inter- est per quarter on the unpaid balance.

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Expert Answer

Step 1

Quarterly equal payment towards the repayment of a loan of $10000 can be calculated using the formula in the excel as below:

Finance homework question answer, step 1, image 1
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Step 2

Amortization schedule consists of the break up of payments made each quarter towards interest and principal. For each quarter a payment of $1821.58 is mad...

Finance homework question answer, step 2, image 1
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