A debt of P22,000.00 with 12% interest compounded semi-annually is to be amortized by semi-annual payments over the next 5 years. The first due is 6 months. Determine the semi-annual payments.
A debt of P22,000.00 with 12% interest compounded semi-annually is to be amortized by semi-annual payments over the next 5 years. The first due is 6 months. Determine the semi-annual payments.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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Transcribed Image Text:A debt of P22,000.00 with 12% interest compounded semi-annually is to be amortized by semi-annual
payments over the next 5 years. The first due is 6 months. Determine the semi-annual payments.
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