What is the outstanding balance in the 5th period?Period012345(A) P3,376.53B) P87,072.59P80,594.77(D) P3,582.16Regular Payment Interest Repayment of the Loan Outstanding Balance100000600030003000970006000291030909391060002817.33182.790727.360002721.8193278.18187449.11960002623.474

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Answered: What is the outstanding balance in the…

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 1E: An annuity is a sum of money that is paid in regular equal payments. The __________ of an annuity is...

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What is the outstanding balance in the 5th period? Period 0 1 2 3 4 5 A) P3,376.53 B) P87,072.59 Regular Payment Interest Repayment of the Loan Outstanding Balance 100000 6000 3000 3000 97000 6000 2910 3090 93910 6000 2817.3 3182.7 90727.3 6000 2721.819 3278.181 87449.119 6000 2623.474