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A debt of P100,000 with interest at the rate of 16% compounded annually is to be amortized by 3 equal payments at the end of the year, the first payment is to be made after four years. *** Type only the letter of the correct answer. The annual payment is: A. P 69,500.12 B. P 80,620.14 C. P 48,881.05 The outstanding principal at the beginning of the 3rd period is: A. P 125,971.20 B. P 134,560 The principal repaid at the end of the last period is: A. P 59,913.90 B. P 45,260.23 C. P 156,089.60 The outstanding principal at the beginning of the 5th period is: A. P 87,167.85 B. P 136,048.90 C. P 181,064 C. P 41,907.62 D. P 45,260.23 D. P 116,640.00 D. P 111,563.82 D. P 69,500.13

A debt of P100,000 with interest at the rate of 16% compounded annually is to be amortized by 3 equal payments at the end of the year, the first payment is to be made after four years. *** Type only the letter of the correct answer. The annual payment is: A. P 69,500.12 B. P 80,620.14 C. P 48,881.05 The outstanding principal at the beginning of the 3rd period is: A. P 125,971.20 B. P 134,560 The principal repaid at the end of the last period is: A. P 59,913.90 B. P 45,260.23 C. P 156,089.60 The outstanding principal at the beginning of the 5th period is: A. P 87,167.85 B. P 136,048.90 C. P 181,064 C. P 41,907.62 D. P 45,260.23 D. P 116,640.00 D. P 111,563.82 D. P 69,500.13

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...
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A debt of P100,000 with interest at the rate of 16% compounded annually is to be amortized by 3 equal payments at the end of the year, the first payment is to be made after four years. *** Type only the letter of the correct answer. The annual payment is: A. P 69,500.12 B. P 80,620.14 C. P 48,881.05 The outstanding principal at the beginning of the 3rd period is: A. P 125,971.20 B. P 134,560 The principal repaid at the end of the last period is: A. P 59,913.90 B. P 45,260.23 C. P 156,089.60 The outstanding principal at the beginning of the 5th period is: A. P 87,167.85 B. P 136,048.90 C. P 181,064 C. P 41,907.62 D. P 45,260.23 D. P 116,640.00 D. P 111,563.82 D. P 69,500.13
Transcribed Image Text:A debt of P100,000 with interest at the rate of 16% compounded annually is to be amortized by 3 equal payments at the end of the year, the first payment is to be made after four years. *** Type only the letter of the correct answer. The annual payment is: A. P 69,500.12 B. P 80,620.14 C. P 48,881.05 The outstanding principal at the beginning of the 3rd period is: A. P 125,971.20 B. P 134,560 The principal repaid at the end of the last period is: A. P 59,913.90 B. P 45,260.23 C. P 156,089.60 The outstanding principal at the beginning of the 5th period is: A. P 87,167.85 B. P 136,048.90 C. P 181,064 C. P 41,907.62 D. P 45,260.23 D. P 116,640.00 D. P 111,563.82 D. P 69,500.13
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