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Amortize a 6% loan of P1,250,00 that is paid back in four annual en of-period installments. What is th outstanding balance (principal) a end of 2nd year of amortization? O A. P360,739.37 B. P75,000.00 C. P250,000.00 D. P661,376.92

Amortize a 6% loan of P1,250,00 that is paid back in four annual en of-period installments. What is th outstanding balance (principal) a end of 2nd year of amortization? O A. P360,739.37 B. P75,000.00 C. P250,000.00 D. P661,376.92

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Amortize a 6% loan of P1,250,000 that is paid back in four annual end- of-period installments. What is the outstanding balance (principal) at the end of 2nd year of amortization? OA. P360,739.37 B. P75,000.00 O C. P250,000.00 O D. P661,376.92
Transcribed Image Text:Amortize a 6% loan of P1,250,000 that is paid back in four annual end- of-period installments. What is the outstanding balance (principal) at the end of 2nd year of amortization? OA. P360,739.37 B. P75,000.00 O C. P250,000.00 O D. P661,376.92
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