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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Exercise Set 2:
PHI
1. A debt of P350,000 is to be amortized by 6 equal semiannual
payments with interest at 6% compounded semiannually.
Find the periodic payment and construct an amortization table.
2. A couple purchased a house and lot and signed a mortgage contract
with a bank for P8,000,000 to be paid in equal monthly payments
over 25 years with interest at 5.25%. Find the monthly
payment and construct an amortization table. (Show the first 6 payments only)
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