1.) A debt of P 100,000 is to be discharged by ten semi-annual payments, the first to be made 6 months after the loan is

given. The debt will be discharged by 5 equal payments each P 10,000 and by 5 other equal payments of such amount that

the final payment will liquidate the debt. If interest is 12% compounded semi-annually, what is the amount of the last 5 payments?

a. P 16,386.74 b. P 18,386.74 c. P 22,956.44 d. P 18,584.36