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Show the cash flow diagram and cash flow diagram Subject : Engineering Economy Marcy borrowed P1M in a bank that charged 16% compounded monthly and
Show the cash flow diagram and cash flow diagram
Subject : Engineering Economy
Marcy borrowed P1M in a bank that charged 16% compounded monthly and agreed to make monthly payments for 3 years. After making payments for 18 months, she made another loan amounting to P200,000 and agreed to pay this monthly together with the balance of the previous loan at the same interest rate for 2 years. What are the amount of her monthly amortization for her first loan and second loan agreement??
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