Show Solution. Topic: Simple Deffered Annuity 4. Mayrie Maurienne borrowed P65,000 from her brother Jesreal Eismar to buy a' new cellular phone. The interest rate being charged is only 8.2% compounded quarterly. She is to make the first P7,300 quarterly payment on the loan 9 months later after the date of the loan. Measured from the date of the first payment, how long will it take her to pay off the loan?
Show Solution. Topic: Simple Deffered Annuity 4. Mayrie Maurienne borrowed P65,000 from her brother Jesreal Eismar to buy a' new cellular phone. The interest rate being charged is only 8.2% compounded quarterly. She is to make the first P7,300 quarterly payment on the loan 9 months later after the date of the loan. Measured from the date of the first payment, how long will it take her to pay off the loan?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Topic: Simple Deffered
4. Mayrie Maurienne borrowed P65,000 from her brother Jesreal Eismar to buy a' new cellular phone. The interest rate being charged is only 8.2% compounded quarterly. She is to make the first P7,300 quarterly payment on the loan 9 months later after the date of the loan. Measured from the date of the first payment, how long will it take her to pay off the loan?
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