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A debt of P22,000 with interest at 10% compounded quarterly is to be amortized by payments of P5,000 at the end of each quarter for

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A debt of P22,000 with interest at 10% compounded quarterly is to be amortized by payments of P5,000 at the end of each quarter for as long as necessary. Make out an amortization schedule showing the distribution of the payments as to interest and the repayment of principal

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