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Direction: For the given problem below, do as indicated. Write your answers on a clean sheet of paper. There is no need for you to

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Direction: For the given problem below, do as indicated. Write your answers on a clean sheet of paper. There is no need for you to include the computations for the amortization schedule. 1.) A Php150,000 loan is to be repaid every 6 months for 5 years at 8% interest rate compounded semi-annually. Construct the amortization schedule and answer the question that follows. a. How much is the semi-annual payment, R? b. How much is the interest repaid at the end of the seventh period? c. How much is the principal repaid at the end of the seventh period? d. How much is the outstanding liability (balance) after the fourth year? e. How much is the total interest paid for the loan? Period Periodic Payment Interest Payment Principal Repayment Outstanding Balance 150,000 0 1 2 3 4 5 6 7 8 9 10 sum

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