Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay this amount regularly for 2 years. The interest rate is 6% compounded semi-annually. 1.How much is the interest payment for the first semi-annual period? 2.How much is the principal repayment for the first semi-annual period? 3.How much is the outstanding balance after the first payment?
Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay this amount regularly for 2 years. The interest rate is 6% compounded semi-annually.
1.How much is the interest payment for the first semi-annual period?
2.How much is the principal repayment for the first semi-annual period?
3.How much is the outstanding balance after the first payment?
Kiko bought a smart TV with Php 135,000. Assuming that there is no downpayment, Kiko needs to pay this amount regularly for 2 years. The interest rate is 6% compounded semi-annually.
1.How much is the interest payment for the first semi-annual period?
2.How much is the principal repayment for the first semi-annual period?
3.How much is the outstanding balance after the first payment?
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