Anna loaned P450,000 at 10% compounded annually. She signed a contract to repay the loan in 20 equal annual payments. If after she has made 12th payment, how much is still unpaid of the original principal? a.)P257,329.19 b.)P343,308.34 c.)P360,150.15 d.)P281,987.30
Anna loaned P450,000 at 10% compounded annually. She signed a contract to repay the loan in 20 equal annual payments. If after she has made 12th payment, how much is still unpaid of the original principal? a.)P257,329.19 b.)P343,308.34 c.)P360,150.15 d.)P281,987.30
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...
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Anna loaned P450,000 at 10% compounded annually. She signed a contract to repay the loan in 20 equal annual payments. If after she has made 12th payment, how much is still unpaid of the original principal?
a.)P257,329.19
b.)P343,308.34
c.)P360,150.15
d.)P281,987.30
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