Tina loaned P550,000 at 12%compounded annually. Shesigned a contract to repay theloan in 25 equal annualpayments. If after she hasmade 15th payment, howmuch is still unpaid of theoriginal principal?P396,221.78P81,987.30P477,611.74P72,388.26

Equally annual installments is the amount of installment which is equal means till the end of the…

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payments. If after she has made 15th payment, how much is still unpaid of the oriainal principal?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Tina loaned P550,000 at 12%
compounded annually. She
signed a contract to repay the
loan in 25 equal annual
payments. If after she has
made 15th payment, how
much is still unpaid of the
original principal?
P396,221.78
P81,987.30
P477,611.74
P72,388.26

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