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please show complete solutions. will upvote. Loan Amortization Compute for the loan amortization given the following data: Happy Studios wants to buy new audio interfaces

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please show complete solutions. will upvote.

Loan Amortization Compute for the loan amortization given the following data: Happy Studios wants to buy new audio interfaces because their business is expanding. One audio interface is P10,000 and they aim to buy five (5) audio interfaces. Their purchasing department found a supplier who will sell them the interfaces at this price, provided that they will pay it monthly within five (5) years at 7% interest. Compute for the following: a. Time period: b. Interest per period: c. Monthly payment

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