ABC Corporation obtained a loan of PhP 500,000.00 from XYZ Commercial Bank and agreed to pay the loan by paying equal amounts of money at the end the 4th and 5th years from the date the loan was released. If money is worth 10 % compounded annually, determine:
a. ) The amount of the two end of the year payments
What annuity of ten semi-annual payments would fully extinguish the loan in item #1? What is the amount of interest on the 3rd annuity in item#2?