[2P2] Directions: Determine the kind of annuity used in the following situations. Then, solve the problem. Show complete (Handwritten or typed, not excel) solutions.  What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P180,000 due now if the interest rate is 18.48% compounded every 2 months? a. Kind of annuity: b. Computation:

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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[2P2] DirectionsDetermine the kind of annuity used in the following situations. Then, solve the problem. Show complete (Handwritten or typed, not excel) solutions

  • What equal payments at the beginning of each 2 months for 4 years will discharge a debt of P180,000 due now if the interest rate is 18.48% compounded every 2 months?

a. Kind of annuity:

b. Computation: 

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