4. Find the quarterly payment inr 21 quatters to discharge an obligation of P24,500, if money is worth 4% compounded quarterly and the first payment is due at the end of 2 years and 9 months

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 4FPE: Calculating single-payment loan amount due at maturity. Stanley Price plans to borrow 8,000 for five...
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Deferred Annuity 4. Find the quarterly payment inr 21 quatters to discharge an obligation of P24,500, if money is worth 4% compounded quarterly and the first payment is due at the end of 2 years and 9 months 5. Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500,500, if money is worth 3%, compounded semi-annually 6. Find the present value of a deferred annuity of P465 every three months for 8 years that is deferred 4 years and 3 months, if money is worth 6% compounded quarterly.
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