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Prepare an amortization schedule

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Problem 1 - Equal Principal Repayments - Mr. Laki applied for a Truck loan worth Php 2.000.000.00 and agreed to pay Php 200.000.00 at the end of each month with an interest rate of 24% compounded monthly, Prepare an amortization schedule.

Problem 2 - Equal Regular Payments - A Php 1,000,000.00 loan is to be amortized with 6 equal annual payments. If the interest rate Is 6%, find the annual payment and construct an amortization schedule.

Reference no: EM132992164

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