Question
A loan of Php 200,000 received today is to be cancelled by making ten equal semi-annual payments starting at the end of two years. How
A loan of Php 200,000 received today is to be cancelled by making ten equal semi-annual payments starting at the end of two years. How much is the semi-annual payment, if interest is charged at 10% compounded semi-annually?
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
