2. A P100,000 loan is to be amortized in 60 payments every 6 months. Find the semi- annual annuity (payment) and the outstanding balance after the 25th payment. Money is worth 20% compounded semi-annually
2. A P100,000 loan is to be amortized in 60 payments every 6 months. Find the semi- annual annuity (payment) and the outstanding balance after the 25th payment. Money is worth 20% compounded semi-annually
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![2. A P100,000 loan is to be amortized in 60 payments every 6 months. Find the semi-
annual annuity(payment) and the outstanding balance after the 25th payment. Money
is worth 20% compounded semi-annually](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23f08848-a69f-47e2-b469-b3a8644a2119%2F0d02f252-e40a-4e65-b09d-2a74567e47bb%2Fi3z26fo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. A P100,000 loan is to be amortized in 60 payments every 6 months. Find the semi-
annual annuity(payment) and the outstanding balance after the 25th payment. Money
is worth 20% compounded semi-annually
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