A mortgage of P 80 000 is to be paid by annual payment over a period of 10 years. If the interest rate is 15.8% effective. a) calculate the annual payment; b) construct an amortization schedule; c)...

A mortgage of P 80 000 is to be paid by annual payment over a period of 10<br>years. If the interest rate is 15.8% effective.<br>a) calculate the annual payment;<br>b) construct an amortization schedule;<br>c) find the total payment made;<br>d) find the total interest paid<br>

Extracted text: A mortgage of P 80 000 is to be paid by annual payment over a period of 10 years. If the interest rate is 15.8% effective. a) calculate the annual payment; b) construct an amortization schedule; c) find the total payment made; d) find the total interest paid

Jun 03, 2022

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A mortgage of P 80 000 is to be paid by annual payment over a period of 10 years. If the interest rate is 15.8% effective. a) calculate the annual payment; b) construct an amortization schedule; c)...

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