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Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78

Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78 P
Transcribed Image Text:Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78 P
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