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A debt of P1,000,000 with interest of 6% compounded quarterly will be discharged amortized for two years. a. Determine the quarterly payment and construct an

A debt of P1,000,000 with interest of 6% compounded quarterly will be discharged amortized for two years. a. Determine the quarterly payment and construct an amortization schedule. b. If missed the 7th payment how must he pay for the last payment to retire the debt obligation if he is charged 2% penalty for his 7th payable

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