Determine the amount of the periodic payments needed To pay off the following purchases. Payments are made at the end of the period. Purchase of an equipment for P1,205. Monthly payments are to made for 1 year with interest at 24% per annum, compounded monthly. Purchase of a machine for P26,565. Quarterly payments are to be made for 4 years with interest at 8% per annum, compounded quarterly.  3. Purchase of equipment for P65,500. Semi-annual payments are to be made for 10 years with interest at 10% per annum, compounded semi-annually.    Please show the step by step solution

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