1. Mr. Tayag applied for a housing loan worth Php 1,000,000.00 and agreed to pay Php...

 

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1. Mr. Tayag applied for a housing loan worth Php 1,000,000.00 and agreed to pay Php 100,000.00 at the end of each month with an interest rate of 24% compounded monthly. Prepare an amortization schedule. (15 points) 2. A Php 2,000,000.00 loan is to be amortized with 6 equal annual payments. If the interest rate is 9%, find the annual payment and construct an amortization schedule. 1. Mr. Tayag applied for a housing loan worth Php 1,000,000.00 and agreed to pay Php 100,000.00 at the end of each month with an interest rate of 24% compounded monthly. Prepare an amortization schedule. (15 points) 2. A Php 2,000,000.00 loan is to be amortized with 6 equal annual payments. If the interest rate is 9%, find the annual payment and construct an amortization schedule.

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1 Mr Tayag applied for a housing loan worth Php 100000000 and agreed to pay Php 10000000 at the end of each month with an interest rate of 24 compound... View the full answer