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A loan of $4500 is to be paid back with payments of $450 apiece. If the...

A loan of $4500 is to be paid back with payments of $450 apiece. If the interest rate charged is 6% compounded quarterly, complete the first two rows of the following amortization table (use other paper-do not fill in values here).

Beginning Balance Amount of Payment Interest for Period Portion to Principal Principal at end of Period

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jeff jeffy answered 2 years ago
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