A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5 equal payments at the end of each 3 months, but the first payment is to be made after 9 months. Find the quarterly payment and construct an amortization schedule. The interest for the first 2 quarters were still not paid. EXPLAIN FULLY. 30%
A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5 equal payments at the end of each 3 months, but the first payment is to be made after 9 months. Find the quarterly payment and construct an amortization schedule. The interest for the first 2 quarters were still not paid. EXPLAIN FULLY. 30%
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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A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5 equal payments at the end of each 3 months, but the first payment is to be made after 9 months. Find the quarterly payment and construct an amortization schedule.
The interest for the first 2 quarters were still not paid. EXPLAIN FULLY. 30%
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