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

Semi annual payment (P) = P56,000 Interest rate = 7% Semi annual interest rate (r) = 7%/2 = 3.5%…

Answered: Semiannual payments of P56,000.00 are…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 12P

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Note: answer it " all " correctly. Justify your answer by showing solution of your choice If not I will rate you unhelpful I dont care about Bartleby rules. Thank you for understanding Asap
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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 Ob. P205,692.44 c. P414,682.97 O d. P145,497.27 e. No answer