Sec 5.4 -find the payment necessary to amortize a 12% loan of $2100 compounded quarterly with...

Sec 5.4

-find the payment necessary to amortize a 12% loan of $2100 compounded quarterly with 15 quarterly payments

-find the monthly house payments necessary to amortize a 10.8% loan of 162,200 over 25 years

-find the payment made by ordinary annuity with the present value.

-77,822; monthly payments for 24 years; interest rate 4.3%, compounded monthly

-287,938; quarterly payments for 29 years; interest rate 6%, compounded quarterly

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Expert Solution

Colby Messinger answered 1 year ago

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