Period Regular Payment Interest Repayment of the Loan Outstanding Balance 0 100000 1 6000 3000 3000 97000 2 6000 2910 3090 93910 3 6000 2817.3 3182.7 90727.3 6000 2721.819 3278.181 87449.119 6000 2623.474 34 LO 5 (A) P80,594.77 (B) P87,072.59 P3,376.53 P3 582 16

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

33. What is the outstanding balance in the 5th period?

Period Regular Payment Interest Repayment of the Loan Outstanding Balance
0
100000
1
6000
3000
3000
97000
2
6000
2910
3090
93910
3
6000
2817.3
3182.7
90727.3
4
6000
2721.819
3278.181
87449.119
6000
2623.474
LO
5
(A) P80,594.77
B) P87,072.59
P3,376.53
(D) P3,582.16
Transcribed Image Text:Period Regular Payment Interest Repayment of the Loan Outstanding Balance 0 100000 1 6000 3000 3000 97000 2 6000 2910 3090 93910 3 6000 2817.3 3182.7 90727.3 4 6000 2721.819 3278.181 87449.119 6000 2623.474 LO 5 (A) P80,594.77 B) P87,072.59 P3,376.53 (D) P3,582.16
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education