Don Magellan borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the  loan with 4 equal monthly amounts, the first payment to  start 1 month from today.  How much is the value of each  equal monthly payment? Construct an amortization schedule. Use interest rate at  12 % compounded semi-annually.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
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Don Magellan borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the  loan with 4 equal monthly amounts, the first payment to  start 1 month from today.  How much is the value of each  equal monthly payment? Construct an amortization schedule. Use interest rate at  12 % compounded semi-annually.   

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