payments. If after she has made 15th payment, how much is still unpaid of the oriainal principal?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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Tina loaned P550,000 at 12%
compounded annually. She
signed a contract to repay the
loan in 25 equal annual
payments. If after she has
made 15th payment, how
much is still unpaid of the
original principal?
P396,221.78
P81,987.30
P477,611.74
P72,388.26
Transcribed Image Text:Tina loaned P550,000 at 12% compounded annually. She signed a contract to repay the loan in 25 equal annual payments. If after she has made 15th payment, how much is still unpaid of the original principal? P396,221.78 P81,987.30 P477,611.74 P72,388.26
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