Megan takes out a loan of $13,000, which she repays by the amortization method at a nominal rate of 6% compounded quarterly.
a) Calculate Megan's quarterly loan repayment amount.
b) Analyze the total interest paid over the loan period.
c) Compare the amortization method with other loan repayment strategies.
d) Discuss the impact of changing interest rates on Megan's loan repayment.
