Question: Instruction: Please show the complete HANDWRITTEN solution for each problem. Thank You A debt of P200,000 is amortized by making equal payments at the end
Instruction: Please show the complete HANDWRITTEN solution for each problem. Thank You
- A debt of P200,000 is amortized by making equal payments at the end of every six months for 5 years, and interest is 12% compounded semi-annually. Construct an amortization schedule.
- What is the balance if P35000 is deposited yearly for 15years with the interest rate is 9% compounded yearly?
- What is the present worth of P2800 deposited at the end of every three months for 6years if the interest rate is 11% compounded quarterly?
- You wish to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide P350,000 at the end of each of the last five years of the 20-year period. If interest is 10% compounded semiannually, what is the required semiannual deposit to be made?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
