The debt is amortized by equal payments made at the end of each payment interval....
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Finance
The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Repayment Payment Conversion Outstanding Debt Principal Interest Rate Period Interval Period Principal After: $12,000.00 6 years 1 month 7% semi-annually 4th payment (a) The size of the periodic payment is $0. (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 4th 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 5th 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 5th payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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