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Arthur decides to amortize a $4,000 loan with three quarterly payments at an interest rate of 5.4% compounded quarterly. The loan was obtained on August 17th , 2017 with the first payment due on November 17th , 2017.

a. What is the size of her quarterly payment??

B. construct an amortization schedule for the loan.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92727072

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