1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each 3 months for 3 years at 8% interest compounded quarterly. How much is the periodic payment?
1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each 3 months for 3 years at 8% interest compounded quarterly. How much is the periodic payment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal
periodic payment at the end of each 3 months for 3 years at 8%
interest compounded quarterly. How much is the periodic payment?
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