Amortization - FCAMPENA
Amortization S.Y.Tan Ex1. A P7500 loan is to be amortized at P1500 each quarter and a final irregular payment made 3 months after last regular payment. If interest is 12% converted quarterly. a) How many regular payments are needed? b) When is the final payment due? c) How much is the final payment? d) Construct an amortization schedule for it. ................
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