The other photo is an example of the requirement of what format the answers should be shown. Thank you so much -tm1-(1+)1-(1+0.042)-2-4- P = R-3000-P22 904.570.042mcash price = down payment + Present valuecash price = 2500 + 22904.57 P25 404.57tm = 2 * 4 = 8Period (n-tm) Regular Payment (R) Interest (i=j/m) Repayment of the Loan Outstanding Balance22904.5713000240.502759.5020145.072.3000211.522788.4817356.5933000182.242817.7614538.8443000152.662847.3411691.493000122.762877.248814.25300092.552907.455906.80300062.022937.982968.82300031.172968.830.00 How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 51/8% compounded quarterly for 20 years?

The loan which is discharged by making installment payments consist of two components as interest…

Answered: How much will be paid every three…

How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5 1/8% compounded quarterly for 20 years?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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Question

The other photo is an example of the requirement of what format the answers should be shown. Thank you so much

-tm
1-(1+)
1-(1+
0.042)-2-4
- P = R-
3000-
P22 904.57
0.042
m
cash price = down payment + Present value
cash price = 2500 + 22904.57 P25 404.57
tm = 2 * 4 = 8
Period (n-tm) Regular Payment (R) Interest (i=j/m) Repayment of the Loan Outstanding Balance
22904.57
1
3000
240.50
2759.50
20145.07
2.
3000
211.52
2788.48
17356.59
3
3000
182.24
2817.76
14538.84
4
3000
152.66
2847.34
11691.49
3000
122.76
2877.24
8814.25
3000
92.55
2907.45
5906.80
3000
62.02
2937.98
2968.82
3000
31.17
2968.83
0.00

How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth 5
1/8% compounded quarterly for 20 years?

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