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A newly-formed business bought a property worth P14,500,000.00. They paid a down payment of P3,000,000.00 with an agreement to pay the balance in ten years at 12% compounded quarterly. How much is the quarterly payment? Select one: O a. No answer O b. P627,304.48 O c. P497,517.35 d. P1,394,992.69 e. P1,758,902.57

A newly-formed business bought a property worth P14,500,000.00. They paid a down payment of P3,000,000.00 with an agreement to pay the balance in ten years at 12% compounded quarterly. How much is the quarterly payment? Select one: O a. No answer O b. P627,304.48 O c. P497,517.35 d. P1,394,992.69 e. P1,758,902.57

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A newly-formed business bought a property worth P14,500,000.00. They paid a down payment of P3,000,000.00 with an agreement to pay the balance in ten years at 12% compounded quarterly. How much is the quarterly payment? Select one: O a. No answer O b. P627,304.48 O c. P497,517.35 d. P1,394,992.69 O e. P1,758,902.57
Transcribed Image Text:A newly-formed business bought a property worth P14,500,000.00. They paid a down payment of P3,000,000.00 with an agreement to pay the balance in ten years at 12% compounded quarterly. How much is the quarterly payment? Select one: O a. No answer O b. P627,304.48 O c. P497,517.35 d. P1,394,992.69 O e. P1,758,902.57
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