A loan of P8,000 will be amortized by payments at the end of each quarter for 8 years and 9 months. If money is worth 5% compounded quarterl the following: a. the periodic payment b. the remaining liability after the 30th payment

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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A loan of P8,000 will be amortized by
payments at the end of each quarter for 8
years and 9 months. If
money is worth 5% compounded quarterl, find
the following:
a. the periodic payment
b. the remaining liability after the 30th
рayment
Transcribed Image Text:A loan of P8,000 will be amortized by payments at the end of each quarter for 8 years and 9 months. If money is worth 5% compounded quarterl, find the following: a. the periodic payment b. the remaining liability after the 30th рayment
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