Explain each step in solving:

1. A debt of 350,000 is to be amortized by 6 equal semi-annual payments with interest at 6% compounded semi-annually. Find the periodic payment and construct an amortization schedule.

2. A dining set that costs 120,000 is being sold for a down payment of 20,000 and equal installment for 30 months at 0.9% per month. How much is the monthly payment?

3. You need to put a new roof on a building in 10 years at an estimated cost of 20,000. How much will you invest every month, so by earning interest at 5% compounded monthly, there will be

20,000 in the bank after 10 years?

4. Find the periodic payment of each of the following:

Find the periodic payment of each of the following: Present Value No. of Payments Deferred Payments Rate a. P5.000 10 years allnut 4 years 4-, m = 12 4 b. #10,000 12 years 5- years 5%, m = 1 2 c. P12,500 5- years N- years 4 9vad . 6%, m = 4: 1 all d. #50,000 5- years 3 years NOb 5- . m = 2 2 4 e. P20,000 10 years Ahoy 4 years 7.5%, m = 4 Um Wort bate