Gladys borrows ₱ 400,000.00 at an interest rate of 4% per year compounded semi- annually. She agreed to settle her loan by making 12 semi-annual payments at the end of each six months. If the first payment is made at the end of 2 years, compute the periodic payment.

Gladys borrows ₱ 400,000.00 at an interest rate of 4% per year compounded semi- annually. She agreed to settle her loan by making 12 semi-annual payments at the end of each six months. If the first payment is made at the end of 2 years, compute the periodic payment.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

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