Question
1. A Php120,000 loan is to be amortized every 6 months for 2 years at an interest rate of 3% compounded semi-annually. How much is
1. A Php120,000 loan is to be amortized every 6 months for 2 years at an interest rate of 3% compounded semi-annually.
How much is the outstanding balance after the first semi-annual payment?
How much interest is included in the first semi-annual payment?
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An Introduction To Real Estate Finance
Authors: Edward Glickman
1st Edition
0123786266, 9780123786265
