Mr. Eden borrows from the bank P600,000 at 12% pa, agreeing to pay the loan in 15 equal quarterly payments. What should the payments be if the first payment is to be made six months from now? a. P51,767.74 b. P P54,920.40 c. P53,320.78 d. P56,568.01

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Q: how much does he need to pay quarterly?

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A: Dear student we need to use NPER function in excel to solve this problem.

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