Winter Break Inc. obtained a $600,000 loan for a new building valued as $1,100,000. The loan contract requires payments at the end of each quarter including interest compounded at 9% compounded semi-annually. The loan is to be repaid by equal quarterly payments over a ten year term.   Complete the amortization table for the first 3 years of the loan.

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Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.