Question
An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000
An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.11.
Note: Interest is already shown in decimal form. Do not round in between solution.
Final answer round to the nearest WHOLE NUMBER.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
