Question
KINDLY SHOW THE COMPLETE SOLUTIONS A loan is to be amortized by equal payments of P5,000 at the end of each six months for 10
KINDLY SHOW THE COMPLETE SOLUTIONS 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.
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
