Ms. Saya got a business loan worth P900,000. She promised to pay the loan semi-annually in...
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Ms. Saya got a business loan worth P900,000. She promised to pay the loan semi-annually in 3 years. The semi- annual payment is P183,026.37. If the money is worth 12% converted semi-annually, how much is the outstanding balance after the first payment? Known Values: Solution: Final Answer: Ms. Saya got a business loan worth P900,000. She promised to pay the loan semi-annually in 3 years. The semi- annual payment is P183,026.37. If the money is worth 12% converted semi-annually, how much is the outstanding balance after the first payment? Known Values: Solution: Final Answer:
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1 Calculate the interest for the first semiannual p... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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