Semiannual payments of P56,000.00 are used to repay a loan at 7% compounded semiannually for four years. Find the original amount of the loan. Select one: O a. P384,941.51 Ob. P205,692.44 c. P414,682.97 O d. P145,497.27 e. No answer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Semiannual payments of P56,000.00 are used to repay a loan at 7% compounded semiannually for four years. Find the
original amount of the loan.
Select one:
O a. P384,941.51
b.
P205,692.44
O c. P414,682.97
d. P145,497.27
O e. No answer
Transcribed Image Text:Semiannual payments of P56,000.00 are used to repay a loan at 7% compounded semiannually for four years. Find the original amount of the loan. Select one: O a. P384,941.51 b. P205,692.44 O c. P414,682.97 d. P145,497.27 O e. No answer
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