Question 13 Mr. Eugenio bought a house anddot at a cash value of 12,000,000.00 php. He made a down payment of 2,000,000.00 php while the remaining amount will be loaned from a bank. The loan will be payable for 20 years with quarterly payments at the end of every three months. How much should Mr. Eugenio pay quarterly if the bank charges an interest rate of 10% compounded quarterly? 290,260.45 php 48,312.54 php (c) 40,260.45 php 348,312.54 php Question 14

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