Determine the present value of P6,800 paid at the end of each subsequent calendar quarter for 7 years of money is worth 6% compounded quarterly To accumulate P85,250, Amy needs to place equal deposits at the end of every 3 months in a fund which earns at 18% compounded quarterly. If the first deposit is made in March 2016 and the last is in March 2022. How large should each deposit be? If Cecilia has been contributing P460 at the end of each quarter for the past 18 quarters to a savings plan that earned 9% compounded quarterly. What amount will she accumulate if she continues with the plan for another year?

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Q: today

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A:

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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.