Question
3. A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four years, how much is the total interest paid? 4.
3. A family obtained a P1,000,000 mortgage. If the monthly payment is P38,000 for four years, how much is the total interest paid? 4. Mr. Abaya got a P700,000 loan for the expansion of his business payable monthly in 4 years. How much is the monthly amortization if the interest rate is 12% compounded monthly?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
9781260247985
