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Example 9. You borrowed P 50 000 from a bank to buy a mobile phone. Assuming you need to repay the loan by equal payments at the end of every 6 months for 3 years at 10% interest campounded semi-annually. What is your periodic payment? Given: PV = P 50 000, i = 0,10/2, n = 2 x 3 =6 Solution: 50 000 R. 50757. P9 850.86 ACTIVITY 4.4 LOAN AMORTIZATION Using the problem in example 9, construct an amortization schedule by filling up the table below. Show your solutions for column B by using the formula: I= Prt.

Example 9. You borrowed P 50 000 from a bank to buy a mobile phone. Assuming you need to repay the loan by equal payments at the end of every 6 months for 3 years at 10% interest campounded semi-annually. What is your periodic payment? Given: PV = P 50 000, i = 0,10/2, n = 2 x 3 =6 Solution: 50 000 R. 50757. P9 850.86 ACTIVITY 4.4 LOAN AMORTIZATION Using the problem in example 9, construct an amortization schedule by filling up the table below. Show your solutions for column B by using the formula: I= Prt.

Introductory Circuit Analysis (13th Edition)
Introductory Circuit Analysis (13th Edition)
13th Edition
ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:Robert L. Boylestad
Chapter1: Introduction
Section: Chapter Questions
Problem 1P: Visit your local library (at school or home) and describe the extent to which it provides literature...
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Example 9. You borrowed P 50 000 from a bank to buy a mobie phone. Assuming you need to repay the loan by equal payments at the end af every 6 months for 3 years at 10% interest compounded semi-annually. What is your periodic payment? Solution: Given: PV = P 50 000, i= 0,10/2, n= 2 x 3 =6 50 000 R. = P9 850.86 5.0757. ACTIVITY 4.4 LOAN AMORTIZATION Using the problem in example 9, construct an amortization schedule by filling up the table below. Show your solutions for column B by using the formula: I= Prt. Period Periodic Payment at the due at the end end of every 6 months Interest at 10% Amount repaid to the Principal at the end of every 6 Outstanding Principal at the end of every 6 of every 6 months months months A в D P 50 000.00 1 2 3 4
Transcribed Image Text:Example 9. You borrowed P 50 000 from a bank to buy a mobie phone. Assuming you need to repay the loan by equal payments at the end af every 6 months for 3 years at 10% interest compounded semi-annually. What is your periodic payment? Solution: Given: PV = P 50 000, i= 0,10/2, n= 2 x 3 =6 50 000 R. = P9 850.86 5.0757. ACTIVITY 4.4 LOAN AMORTIZATION Using the problem in example 9, construct an amortization schedule by filling up the table below. Show your solutions for column B by using the formula: I= Prt. Period Periodic Payment at the due at the end end of every 6 months Interest at 10% Amount repaid to the Principal at the end of every 6 Outstanding Principal at the end of every 6 of every 6 months months months A в D P 50 000.00 1 2 3 4
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