How much is the total interest paid for the debt

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Caesar 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:

Problem 1: what is the amount to be paid every end of six (6) months?

Problem 2: Construct an amortization schedule.

Problem 3: How much is the interest paid on the 3rd payment?

Problem 4: How much is the total interest paid for the debt?

Problem 5: Journalize the payment made on the 4th payment period.

Reference no: EM132918978

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