Question
A debt of P20,000 with interest at the rate of 15% compounded semi-annually is to be amortized by 3 equal payments at the end of
A debt of P20,000 with interest at the rate of 15% compounded semi-annually is to be amortized by 3 equal payments at the end of each 18 months. How much would the equal payments be? Construct an amortization schedule.
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
