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Lyzanette and her family acquired a loan amounting to P^(2),000,000. Her: monthly amortization is P^(21),064.48...

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Finance

Lyzanette and her family acquired a loan amounting to P^(2),000,000. Her: monthly amortization is P^(21),064.48 for 25 years. The interest rate is 12% convertible monthly. Find the amount of interest. Hint: use B_(k)=R[(1-(1+j)^(-(n-k)))/(j)]

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