Question
Pamelas debt of P50,000 with interest at 18% compounded quarterly will be discharged, interest included, by payments of P7,000 at the end of each three
Pamelas debt of P50,000 with interest at 18% compounded quarterly will be discharged, interest included, by payments of P7,000 at the end of each three months for as long as it is necessary:
a. Find the number of payments
b. Construct the amortization schedule
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
