A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside (2) Period 0 1 2345 6 7 8 Periodic Payment (1) 34,125 pesos 34,521 pesos 34,512 pesos 34,215 pesos Interest Payment (2) 21,688.56 (4) 13,160.04 Principal Repayment 377,000.17 (5) 390,012.19 Outstanding Balance 3,000,000.00 (3) 1,533,926.58

A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside (2) Period 0 1 2345 6 7 8 Periodic Payment (1) 34,125 pesos 34,521 pesos 34,512 pesos 34,215 pesos Interest Payment (2) 21,688.56 (4) 13,160.04 Principal Repayment 377,000.17 (5) 390,012.19 Outstanding Balance 3,000,000.00 (3) 1,533,926.58

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

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