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How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5 1/8% compounded quarterly for 20 years?

How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5 1/8% compounded quarterly for 20 years?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The other photo is an example of the requirement of what format the answers should be shown. Thank you so much
-tm 1-(1+) 1-(1+ 0.042)-2-4 - P = R- 3000- P22 904.57 0.042 m cash price = down payment + Present value cash price = 2500 + 22904.57 P25 404.57 tm = 2 * 4 = 8 Period (n-tm) Regular Payment (R) Interest (i=j/m) Repayment of the Loan Outstanding Balance 22904.57 1 3000 240.50 2759.50 20145.07 2. 3000 211.52 2788.48 17356.59 3 3000 182.24 2817.76 14538.84 4 3000 152.66 2847.34 11691.49 3000 122.76 2877.24 8814.25 3000 92.55 2907.45 5906.80 3000 62.02 2937.98 2968.82 3000 31.17 2968.83 0.00
Transcribed Image Text:-tm 1-(1+) 1-(1+ 0.042)-2-4 - P = R- 3000- P22 904.57 0.042 m cash price = down payment + Present value cash price = 2500 + 22904.57 P25 404.57 tm = 2 * 4 = 8 Period (n-tm) Regular Payment (R) Interest (i=j/m) Repayment of the Loan Outstanding Balance 22904.57 1 3000 240.50 2759.50 20145.07 2. 3000 211.52 2788.48 17356.59 3 3000 182.24 2817.76 14538.84 4 3000 152.66 2847.34 11691.49 3000 122.76 2877.24 8814.25 3000 92.55 2907.45 5906.80 3000 62.02 2937.98 2968.82 3000 31.17 2968.83 0.00
How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5 1/8% compounded quarterly for 20 years?
Transcribed Image Text:How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5 1/8% compounded quarterly for 20 years?
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