Question 11 A loan is to be amortized at 8% compounded semi-annually by paying Php2,375 every six months for 12 years. What is the outstanding balance at the end of 6 years? Php28,500 Php22,289.55 Php57,000 Php44,920.57

Question 11 A loan is to be amortized at 8% compounded semi-annually by paying Php2,375 every six months for 12 years. What is the outstanding balance at the end of 6 years? Php28,500 Php22,289.55 Php57,000 Php44,920.57

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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