A loan of $20 000 is to be amortized by 20 quarterly payments over 5 years...
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A loan of $20 000 is to be amortized by 20 quarterly payments over 5 years at j12 = 712%712%. Split the 9th payment into principal and interest. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a) I9= $ b) P9= $ |
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