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Engineering Economics: Amortization 1. A debt of P50,000 with interest at 12% compounded monthly is to be amortized by equal monthly payments in one year,

Engineering Economics: Amortization

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1. A debt of P50,000 with interest at 12% compounded monthly is to be amortized by equal monthly payments in one year, the first due at the end of one month. Find the monthly payment and construct an amortization schedule

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