A loan of P50k whose interest is 15% compounded semiannually, is to be discharged by a series of 10 semiannual payments, the 1* after consummation of the loan. The 1 6 payments will be P5k each, while the remaining 4 payments will be equal & of such amount that the final payment will liquidate the loan. What is the remaining 4 payments? payment to be made 6 months Select one: a. P12,225.305 b. P7,921.225 c. P49,976.531 d. P12,224.839
A loan of P50k whose interest is 15% compounded semiannually, is to be discharged by a series of 10 semiannual payments, the 1* after consummation of the loan. The 1 6 payments will be P5k each, while the remaining 4 payments will be equal & of such amount that the final payment will liquidate the loan. What is the remaining 4 payments? payment to be made 6 months Select one: a. P12,225.305 b. P7,921.225 c. P49,976.531 d. P12,224.839
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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