at the payment. 5. Mr. dela rosa borrowed from his friend P 250,000.00 He promised to pay the amount plus its interest by an equal amount of money each year for 5 years. What must be his quarterly payment if they agreed on an interest of 15% compounded quarterly?

at the payment. 5. Mr. dela rosa borrowed from his friend P 250,000.00 He promised to pay the amount plus its interest by an equal amount of money each year for 5 years. What must be his quarterly payment if they agreed on an interest of 15% compounded quarterly?

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 14E

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at the
payment.
5. Mr. dela rosa borrowed from his friend P 250,000.00 He promised to pay the amount plus its interest by an
equal amount of money each year for 5 years. What must be his quarterly payment if they agreed on an
interest of 15% compounded quarterly?

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