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Problem. A P45,000 loan at 10% compounded monthly is to be amortized every month a year. Find the monthly payment and construct an amortization table. Solution: Period Periodic Payment | Interest Payment |Principal Repayment| Outstanding Principal 0 P3 956 - 21 3581 . 21 375 1 P3 956 - 21 P3 , 956 - 21 3 P3, 956. 21 4 P3, 9:56- 21 P 3 956, 2 1 6 P 3, 956. 21 7 P 3, 956. 21 8 P 3, 956. 21 9 P 3, 956. 21 10 P3. 956- 21 11 P3, 956. 21 12 P3 95 6 . 21 417474. 52 "Check your answers against the Key to Corrections tound at the end of this SAS. 45,000 2474- 52 Write your score on your paper."