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kindly answer the following with solutions, thankyou A loan is to be amortized by equal payments of P5,000 at the end of each six months
kindly answer the following with solutions, thankyou
A loan is to be amortized by equal payments of P5,000 at the end of each six months for 10 years. If the interest is based on 7% compounded semiannually, find: a. the present value of the loan: b. the outstanding principal just after the 8th payment; and C. the remaining liability after 8 years. R = - [1-6-09 1-(1+r)Step by Step Solution
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