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1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payment at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5,300.75 b. P 4,333.65 c. P 5,322.55 d. P 4,200.11

1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payment at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5,300.75 b. P 4,333.65 c. P 5,322.55 d. P 4,200.11

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5.300.75 b. P 4,333.65 c. P 5,322.55 d. P 4.200.11 2. Using the data in Problem no. 1, construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.
Transcribed Image Text:1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5.300.75 b. P 4,333.65 c. P 5,322.55 d. P 4.200.11 2. Using the data in Problem no. 1, construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.
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