Question 18 A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how much is the outstanding balance after 6 payments? Note: Input the amount only, with comma and rounded to two decimals. Do not input the peso sign. (Example: 16,435.50) Add your answer
Question 18 A business loan of PhP 650,000 is to be settled by paying PhP 29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how much is the outstanding balance after 6 payments? Note: Input the amount only, with comma and rounded to two decimals. Do not input the peso sign. (Example: 16,435.50) Add your answer
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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enter exact answers please
you may use excel
![Question 18
A business loan of PhP 650,000 is to be settled by
paying PhP 29,994.20 monthly in 2 years. If the
interest rate is 10% converted monthly, how much is
the outstanding balance after 6 payments?
Note: Input the amount only, with comma and
rounded to two decimals. Do not input the peso sign.
(Example: 16,435.50)
Add your answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Febf7d435-b952-4fea-bb66-91587ba75956%2Fbeada6a0-f3fe-4c76-b0fe-44367dceeb06%2Fzb0gls9_processed.png&w=3840&q=75)
Transcribed Image Text:Question 18
A business loan of PhP 650,000 is to be settled by
paying PhP 29,994.20 monthly in 2 years. If the
interest rate is 10% converted monthly, how much is
the outstanding balance after 6 payments?
Note: Input the amount only, with comma and
rounded to two decimals. Do not input the peso sign.
(Example: 16,435.50)
Add your answer
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