1. Find the payment necessary to amortize a 8% loan of $2400 compounded quarterly, with 12 quarterly payments.

2. Find the present value of an ordinary annuity which has payments of $1800 per year for 14 years at 8% compounded annually.

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Basic amortization or present value : Find out the payment necessary to amortize the 8% loan of $2400 compounded quarterly, with 12 quarterly payments. |

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