Lucille borrowed $21,500 for office equipment. The loan requires quarterly payments over two years at 6.5% compounded semi-annually. Construct a full amortization schedule for the loan. Show the total interest paid.

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The Answer of Lucille borrowed $21,500 for office equipment. The loan requires quarterly payments over two years at 6.5% compounded semi-annually. Construct a full amortization schedule for the loan. Show the total interest paid.

Lucille Borrowed $21,500 for Office Equipment