A loan of P 10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. The first payment is due in six months. Determine the semi-annual payments?
A loan of P 10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. The first payment is due in six months. Determine the semi-annual payments?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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A loan of P 10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years. The first payment is due in six months. Determine the semi-annual payments?
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