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Compounded quarterly to purchase

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Reference no: EM131770834

Dr. Alvano borrowed $8000 at 8% compounded quarterly to purchase Dr. Alvano borrowed $8000 at 8% compounded quarterly to purchase a new X-ray machine for his clinic. The agreement requires quarterly payments during a two-year amortization period. Prepare the full amortization schedule for the loan. Calculate the total interest charges. 

Reference no: EM131770834

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