Instruction: Refer to the previous lesson on amortization. I reattached the instructional material for your easy reference. Construct an amortization schedule.
1. A debt of P80,000 is to be amortized with P25,000 being paid at the end of every six months. The interest rate is 6% compounded semi-annually. Construct an amortization schedule.
2. A debt of P40,000 is to be amortized with P8,000 being paid at the end of each quarter. The interest rate is 16% compounded quarterly. Construct an amortization schedule.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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