Camalete the table by solving the amortization of the loan for six months onty. IL A loan of P20,000 at 4,5% compounded monthly with monthly payment for 3 years. How much is the monthly payment? Month Payment Interest Unpaid balance Unpaid balance reduction

Camalete the table by solving the amortization of the loan for six months onty. IL A loan of P20,000 at 4,5% compounded monthly with monthly payment for 3 years. How much is the monthly payment? Month Payment Interest Unpaid balance Unpaid balance reduction

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 6FPE

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Camolete the table by solving the amortization of the loan for six months oniy.
IL
A loan of P20,000 at 4,5% compounded monthly with monthly payment for 3 years. How much is
the monthly payment?
Month
Payment
Unpaid balance
Unpaid balance
reduction
Interest

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