Problem: A debt of P15, 000.00 was paid for as follows: P4, 000.00 at the end of 1 month, P5,000.00 at the end of 4 months, P3, 000.00 at the end of 5 months, and a final payment F at the end of 7 months. If the rate of interest was 18% compounded quarterly, find the final payment F?
Problem: A debt of P15, 000.00 was paid for as follows: P4, 000.00 at the end of 1 month, P5,000.00 at the end of 4 months, P3, 000.00 at the end of 5 months, and a final payment F at the end of 7 months. If the rate of interest was 18% compounded quarterly, find the final payment F?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Problem: A debt of P15, 000.00 was paid for as follows: P4, 000.00 at the end of 1 month, P5,000.00 at the end of 4 months, P3, 000.00 at the end of 5 months, and a final payment F at the end of 7 months. If the rate of interest was 18% compounded quarterly, find the final payment F?
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