solve the following using the concept of amortization1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months Solve the following problems using the concept ofamortization1. Show the amortization schedule for a loan P15,000 at 4% interest compoundedmonthly, payable for 12 months.2. ABC Realty sold a piece of land for P250,000. A down payment of P50,000 wasmade and the remainder is to be paid in equal semiannual installments, the firstdue 6 months after the date of sale. The interest is 8% compoundedsemiannually and the debt is to be amortized in 5 years.a. How much semiannual payment is required?b. What will the total amount of the payment be?How much interest will be paid?d. What is the total cost of the property?С.e. Prepare an amortization schedule for the present value of the loan after makingthe down payment.

Amortization Schedule: It is a complete periodic loan payment that helps in showing the interest and…

Answered: solve the following using the concept…

solve the following using the concept of amortization 1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 17P

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Question

solve the following using the concept of amortization 1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months

Solve the following problems using the concept of
amortization
1. Show the amortization schedule for a loan P15,000 at 4% interest compounded
monthly, payable for 12 months.
2. ABC Realty sold a piece of land for P250,000. A down payment of P50,000 was
made and the remainder is to be paid in equal semiannual installments, the first
due 6 months after the date of sale. The interest is 8% compounded
semiannually and the debt is to be amortized in 5 years.
a. How much semiannual payment is required?
b. What will the total amount of the payment be?
How much interest will be paid?
d. What is the total cost of the property?
С.
e. Prepare an amortization schedule for the present value of the loan after making
the down payment.

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