Ali has a $35,000 student loan at 4.40% compounded monthly amortized over 10 years with payments...

Ali has a $35,000 student loan at 4.40% compounded monthly amortized over 10 years with payments made at the end of every quarter.

a. What is the size of Ali's payments at the end of every quarter?

b. What was the principal portion of payment 13?

c. What was the size of Ali's' final payment?

Expert Solution

jeff jeffy answered 3 years ago

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