What equal payments at the beginning of each 3 months for 5 years will discharge a loan of P18,000 if the interest is 12% compounded quarterly?

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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ANNUITY DUE PROBLEM

1. What equal payments at the beginning of each 3 months for 5 years will discharge a loan of P18,000 if the interest is 12% compounded quarterly? 

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