5. A loan is to be amortized via equal payments of Php 119, 764.71 each at the end of six months for 9 years. If the interest based on 10% compounded semiannually, find a. the original amount of the loan; b. outstanding principal after the 8th payment; and C. outstanding principal after the 8th year.
5. A loan is to be amortized via equal payments of Php 119, 764.71 each at the end of six months for 9 years. If the interest based on 10% compounded semiannually, find a. the original amount of the loan; b. outstanding principal after the 8th payment; and C. outstanding principal after the 8th year.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:5. A loan is to be amortized via equal payments of Php 119, 764.71 each at the end of six months for
9 years. If the interest based on 10% compounded semiannually, find
a. the original amount of the loan;
b. outstanding principal after the 8th
payment; and
C. outstanding principal after the 8th year.
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