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Q1. A loan of P 40,000 is to be amortized by equal payments at the end of each quarter for 1 year and 6 months. If interest is 5% compounded quarterly. Find the periodic payment and construct an amortization schedule.

Q2. A housewife purchases a dinning set for P 6,000 and agrees to amortize the debt at 4 95% compounded annually over the next 4 years. What is the amortization payment? Construct an amortization schedule.

Reference no: EM133123126

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