.3.11 Question Help Find the payment necessary to amortize a 7% loan of $1600 compounded quarterly, with 6 quarterly payments. Find (a) the payment necessary to amortize the loan and (b) the total payments and the total amount of interest paid based on the calculated quarterly payments. Then create an imortization table to find (c) the total payments and total amount of interest paid based upon the amortization table.
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