Suppose you borrowed Php200,000 from a local bank having an interest of 8% per annum, compounded monthly. If the debt was to be amortized by 36 equal payments and the first payment is to be made at...


Suppose you borrowed Php200,000 from a local bank having an interest of 8% per annum, compounded monthly. If the debt was to be amortized by 36 equal payments and the first payment is to be made at the end of the first month, (a) determine the monthly payment, and (b) construct an amortization schedule/table.



Jun 04, 2022
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