Answer to Question #240594 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #240594
A debt of P25,000 with interest at the rate of 8% compounded monthly is to be amortized by 5 equal
payments at the end of each month, the first payment is to be made after 1 year. Find the monthly
payment and construct an amortization schedule.
1
Expert's answer
2021-09-28T00:58:23-0400

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