onal use. She is considering getting a car loar n amount: llment term: ual rate: ual effective interest rate: uired: Complete the amortization table for the nths Total Payment Pri

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Isiah a sales manager of a big companyl, wants to buy herself a car that she can use at her job and for
personal use. She is considering getting a car loan.
Loan amount:
P1,500,000.00
5 years
10%
10%
Installment term:
Annual rate:
Annual effective interest rate:
Required: Complete the amortization table for the loan Isiah is considering.
Months
Total Payment
Principal
Interest
Outstanding
1,500,000
1
2
4
5
3.
Transcribed Image Text:Isiah a sales manager of a big companyl, wants to buy herself a car that she can use at her job and for personal use. She is considering getting a car loan. Loan amount: P1,500,000.00 5 years 10% 10% Installment term: Annual rate: Annual effective interest rate: Required: Complete the amortization table for the loan Isiah is considering. Months Total Payment Principal Interest Outstanding 1,500,000 1 2 4 5 3.
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