Find the purchase price of each bond bought on the given dividend date. Use another sheet of paper foryour solution.a. Atty. Bustamante agreed to sell her condominium unit to a campanera worth 2.4 million pesos in twopayment schedules: On the first 5 months, the price of the unit is amortized at 3% quarterly. The balanceamount will be paid at 4% semiannually for 7 months. Prepare the amortization schedule.b. The Cauayan Consumers Cooperative has taken out a 10-year mortgage for P92, 000 at an annual rate of5%. A table for the monthly payment on PI, 000 loan is used in finding the monthly amortization. Complete theamortization schedule below. Round off your final answer to the nearest cent.MonthlyPaymentPaid onPaymentNumberInterestBalancePaidPrincipalP92, 000123

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b. The Cauayan Consumers Cooperative has taken out a 10-year mortgage for P92, 000 at an annual rate of 5%. A table for the monthly payment on P1, 000 loan is used in finding the monthly amortization. Complete the amortization schedule below. Round off your final answer to the nearest cent. Payment Number Monthly Payment Interest Paid on Balance Paid Principal P92, 000 1 2

b. The Cauayan Consumers Cooperative has taken out a 10-year mortgage for P92, 000 at an annual rate of 5%. A table for the monthly payment on P1, 000 loan is used in finding the monthly amortization. Complete the amortization schedule below. Round off your final answer to the nearest cent. Payment Number Monthly Payment Interest Paid on Balance Paid Principal P92, 000 1 2

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 5P

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