Question 11 A loan is to be amortized at 8% compounded semi-annually by paying Php2,375 every six months for 12 years. What is the outstanding balance at the end of 6 years? Php28,500 Php22,289.55 Php57,000 Php44,920.57

Question 11 A loan is to be amortized at 8% compounded semi-annually by paying Php2,375 every six months for 12 years. What is the outstanding balance at the end of 6 years? Php28,500 Php22,289.55 Php57,000 Php44,920.57

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 21P

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