Zhong Xi Na purchased a lot worth Php 1,300,000 at 12% interest, payable in 5 years. If he paid Php 500,000 as down payment, what is the monthly amortization payment?" Referring to the above problem, please construct an amortization schedule for the first 10 payments.

Zhong Xi Na purchased a lot worth Php 1,300,000 at 12% interest, payable in 5 years. If he paid Php 500,000 as down payment, what is the monthly amortization payment?" Referring to the above problem, please construct an amortization schedule for the first 10 payments.

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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9. Zhong Xi Na purchased a lot worth Php 1,300,000 at 12% interest, payable in 5 years. If he paid
Php 500,000 as down payment, what is the monthly amortization payment?
10. Referring to the above problem, please construct an amortization schedule for the first 10
payments.

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