Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION. ( Annuities ) A loan of 30 000.00 Php is to be paid monthly for 5 years that will start at the end of 4 years . If converted monthly at 12 % , how much is the monthly payment ? a . The type of annuity illustrated in the problem is _________________. b. The total number of payments is ______. c . The number of conversion period in the period deferral is ___________________. d. The interest rate per period is _________. e . The present value of the loan is_______. Answers: a. Deferred Annuity; b. 60; c. 47; d. 0.01; e. 30 000.00 Php

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.