Question: Show step-by-step solution and solve manually: 1. Ian borrows 150,000 pesos at an annual interest rate of 8% compounded semiannually. The loan is to be

Show step-by-step solution and solve manually:

1. Ian borrows 150,000 pesos at an annual interest rate of 8% compounded semiannually. The loan is to be repaud by equal semiannual payments for two years. Determine each payment. Then make an amortization schedule for this loan.

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