Solution: Determine the semi-annual payment for a debt of P10,000

Solution: Determine the semi-annual payment for a debt of P10,000

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A debt of P10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual payment over the next 5 years.
Problem Statement: ECE Board November 1998 A debt of P10,000 with 10% interest compounded semi-annually is to

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