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Solve the problem by showing your computation. All FINAL ANSWERS should be rounded-off in thousandths (THREE DECIMAL PLACES). Problem: A debt of P4,400, with interest
Solve the problem by showing your computation. All FINAL ANSWERS should be rounded-off in thousandths (THREE DECIMAL PLACES). Problem: A debt of P4,400, with interest at 2.5% payable semi-annually or .0125, will be discharged by payments of P600 at the end of each 7 periods as long as necessary, with a final smaller payment 7 periods after the last P600 is paid due to COVID-19. 1. How much will be the Beginning Amount after the last period? (10 points) 2. How much will be the Final Payment after the last period? (10 points) 3. How much will be the Interest after the last period? (10 points) 4. Supply the necessary data on the Amortization Schedule found below. (45 points) BEGINNING ENDING PERIOD PAYMENT INTEREST RE-PAYMENT AMOUNT BALANCE P P P P
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