Give me answer all questions please The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated; and (d) theprincipal repaid by the payment following the time indicated for finding the outstanding principal.RepaymentPeriodРaymentIntervalOutstandingPrincipal After:8th paymentConversionDebt PrincipalInterest RatePeriod$15,0008 years3 months10%quarterly(a) The size of the periodic payment is $.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(b) The outstanding principal after the 8th payment is $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(c) The interest paid by the 9th payment is $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(d) The principal repaid by the 9th payment is $:(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Amortized loan payment is a kind of loan taken by borrower in which the payment for loan repayment…

(a) The size of the periodic payment is s. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal after the 8th payment is sO (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (C) The interest paid by the 9th payment is s. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid by the 9th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(a) The size of the periodic payment is s. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal after the 8th payment is sO (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (C) The interest paid by the 9th payment is s. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid by the 9th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter6: Building And Maintaining Good Credit

Section6.1: Advantages And Disadvantages Of

Problem 1CC

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