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A DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL PAYMENTS OVER THE NEXT 5 YEARS. tHE FIRST DUE IS IN 6 MONTHS. DETERMINE THE SEMI-ANNUAL PAYMENTS. a.P1,400.45 b.P1,295.05 c.P1,193.90 d.P1,200.00

A DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL PAYMENTS OVER THE NEXT 5 YEARS. tHE FIRST DUE IS IN 6 MONTHS. DETERMINE THE SEMI-ANNUAL PAYMENTS. a.P1,400.45 b.P1,295.05 c.P1,193.90 d.P1,200.00

Essentials Of Investments
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
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A DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL PAYMENTS OVER THE NEXT 5 YEARS. tHE FIRST DUE IS IN 6 MONTHS. DETERMINE THE SEMI-ANNUAL PAYMENTS.

 

a.P1,400.45
b.P1,295.05
c.P1,193.90
d.P1,200.00
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