6. Find the monthly amortization for a loan of Mr. Frederick Dizon amounting to P750,000 to be paid in four years with an interest rate of 12% per annum. a. What is the periodic interest rate? b. What is the monthly amortization for a period of four years? c. What is the total interest earned? Based on the word problem above, make at least 5 statements or questions with its solution regarding monthly amortization for a loan and which include the interest earned.

6. Find the monthly amortization for a loan of Mr. Frederick Dizon amounting to P750,000 to be paid in four years with an interest rate of 12% per annum. a. What is the periodic interest rate? b. What is the monthly amortization for a period of four years? c. What is the total interest earned? Based on the word problem above, make at least 5 statements or questions with its solution regarding monthly amortization for a loan and which include the interest earned.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 41P

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