Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500, 500, if money is worth 3%, compounded semi-annually
Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500, 500, if money is worth 3%, compounded semi-annually
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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DEFERRED ANNUITY (please don’t use excel)
Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500, 500, if money is worth 3%, compounded semi-annually
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