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Calculate semi-annual installment amount

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Mr. Humair Ali Khushk taken Rs. 1,000,000, a mortgage based 15% per annum loan from National Bank of Pakistan on January 1, 2000 for the period of 5 years. Accounting year closes on December 31.

Required:

Problem 1: Calculate Semi-Annual Installment amount.

Problem 2: Make loan Amortization table on Semi-Annual payment base.

Problem 3: Make all necessary journal entries.

Reference no: EM132784897

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