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1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a

1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. Using the data construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.

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