6. Find the monthly amortization for a loan of Mr. Frederick Dizon amounting to P750,000 to be paid in four years with an interest rate of 12% per annum. a. What is the periodic interest rate? b. What is the monthly amortization for a period of four years? c. What is the total interest earned? Based on the word problem above, make at least 5 statements or questions with its solution regarding monthly amortization for a loan and which include the interest earned.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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6. Find the monthly amortization for a loan of Mr. Frederick Dizon amounting to P750,000 to be
paid in four years with an interest rate of 12% per annum.
a. What is the periodic interest rate?
b. What is the monthly amortization for a period of four years?
c. What is the total interest earned?
Based on the word problem above, make at least 5 statements or questions with its solution
regarding monthly amortization for a loan and which include the interest earned.
Transcribed Image Text:6. Find the monthly amortization for a loan of Mr. Frederick Dizon amounting to P750,000 to be paid in four years with an interest rate of 12% per annum. a. What is the periodic interest rate? b. What is the monthly amortization for a period of four years? c. What is the total interest earned? Based on the word problem above, make at least 5 statements or questions with its solution regarding monthly amortization for a loan and which include the interest earned.
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