n in an amortization table (in dollers) for a loan of $8,500 to be paid back over 2 years, at an annual interest rate of 1.3%, compounded quarterly. For each value in the table, round your answer to the nearest cent and use this value to calculate the next value Payment number Payment amount Payment amount Payment amount to interest Outstanding principal to debt $0.500 14

n in an amortization table (in dollers) for a loan of $8,500 to be paid back over 2 years, at an annual interest rate of 1.3%, compounded quarterly. For each value in the table, round your answer to the nearest cent and use this value to calculate the next value Payment number Payment amount Payment amount Payment amount to interest Outstanding principal to debt $0.500 14

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 11P

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