Topic: Uniform Gradient Series / Engineering Economy

Draw first the cashflow diagram before answering:

4. To pay off a Php. 100,000.00 loan, it is required that 20 semi-annual payments that increase by Php. 500.00 be made. Determine the amount of the first payment if it due six months after the loan is made and interest is 7% compounded semi-annually. 4. To pay off a Php. 100,000.00 loan, it is required that 20 semi-annual payments that increase by Php. 500.00 be made. Determine the amount of the first payment if it due six months after the loan is made and interest is 7% compounded semi-annually