Question: Consider a five-year loan amounting to P30,000 with a rate of 6%. Payments are to be made on a monthly basis. Compute for the monthly

Consider a five-year loan amounting to P30,000 with a rate of 6%. Payments are to be made on a monthly basis. Compute for the monthly payment to be made by the company if they start to pay the loan after two years. Construct an amortization schedule.

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