How much is the interest paid on the third payment

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Adan incurred a debt of P10,000 for which a note was issued. It is amortized by making equal payments at the end of every six (6) months for three (3) years. If interest is 6% compounded semi-annually:

Question a.) what is the amount to be paid every end of six (6) months?

Question b.) Construct an amortization schedule.

Question c.) How much is the interest paid on the 3rd payment?

Question d.) How much is the total interest paid for the debt?

Question e.) Journalize the payment made on the 4th payment period.

Reference no: EM132918561

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