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1. Mr. Tayag applied for a housing loan worth Php 1,000,000.00 and agreed to pay Php 100,000.00 at the end of each month with
1. Mr. Tayag applied for a housing loan worth Php 1,000,000.00 and agreed to pay Php 100,000.00 at the end of each month with an interest rate of 24% compounded monthly. Prepare an amortization schedule. (15 points) 2. A Php 2,000,000.00 loan is to be amortized with 6 equal annual payments. If the interest rate is 9%, find the annual payment and construct an amortization schedule.
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Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
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