Find The Periodic Payment Every 6 Months For The Present Value Of Php100,000 For 2 Years With An Int

Find the periodic payment every 6 months for the present value of Php100,000 for 2 years with an interest rate of 12% compounded semi-annually.

$\large{\mathcal{ANSWERS:}}$

25PHP

explanation:

GIVEN: present rate is 12% of 2 years

TO FIND: payment every 6 months

SOLUTION: payment of 2 years is 100.00php we know that we have to find payment of 6 month then we divide php100.00 for 4 apart

then - 100 ÷ 4 = 25php

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