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What is the outstanding debt after 8 years

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-A loan is to be amortized by equal payments of P 500 each at the end of every six months for 10 years. Interest is based on 7% compounded semi-annually. What is the outstanding debt after 8 years?

-A loan is to be amortized by equal payments of P 500 each at the end of every three months for 10 years. Interest is based on 7% compounded quarterly. What is the outstanding principal just after the 8th payment?Required to answer. Single choice.

Reference no: EM132815906

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