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A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months after the loan is given.
A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months after the loan is given. The debt will be discharged by five equal payments each Php 8,000 and by five other equal payments of such amount that the final payment will liquidate the debt. If the interest rate is 11% compounded annually, construct an amortization schedule for the debt.
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