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The debt is amortized by equal payments made at the end of each payment interval Compute(a)...

Question:

The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments
The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal Debt Principal Repayment Payment Conversion Period Interest Rate Outstanding Interval Period Principal After $13,000 5 years 3 months quarterly 8th payment (a) The size of the periodic payment is $|| (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) (b) The outstanding principal after the 8th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (c) The interest paid by the 9th payment is $|| (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) (d) The principal repaid by the 9th payment is $ (Round the final answer to the nearest cont as needed Round all intermediate values to six decimal places as needed) Enter your answer in each of the answer boxes.

Answers

Sats a) using Present Vome ammuity formula PV, PMT [1-01+)] Hue PV = $13,000 1% bae 7 % quatery = 0.0178 i Syears 5x 4 = 20C) Nowo, Interest paid by the 9th payment in 8333 18 0.0115 145.84115 22 145.84 Interest paid $ 145.84 Interest paid 145.84 )

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