A business loan worth Php 1,000,000 is to be repaid quarterly in 2 years . The interest rate is 10% converted quarterly. a.) How much is the quarterly payment? b.) How much is the total amount paid and total interest? c.) Construct an amortization schedule. d.) How much is the outstanding balance after 1 year? e.) How much are the principal repayment and interest component of the 5th payment? 2.) Mr. Remo is considering to pay his outstanding balance after 6 years of payment. The original amount of the loan is Php 500,000 payable annually in 10 years. If the interest rate is 10% per annum and the regular payment is Php 81,372.70 annually, how much is the outstanding balance after the 6th payment? 3.)How much is the original loan if semi-annual payments of Php 100,000 are used to repay it at 5% compounded semi-annually for 8 years?

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1 a Quarterly Payment Using the formula for quarterly payments on a business loan Quarterly payment ... View the full answer