Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78

Question 10 A Php300,000 loan is to be amortized by paying equal amount every 6 months for a period of 10 years. Lending firm charges an interest rate of 10% compounded semi- annually. How much will the semi-annual payment be? Php14,048.18 Php7,500 Php15,000 Php24,072.78

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

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