Question: A cash loan is to be repaid by paying Php 18.500 quarterly starting at the end of years. It will be paid for 3 years

 A cash loan is to be repaid by paying Php 18.500

A cash loan is to be repaid by paying Php 18.500 quarterly starting at the end of years. It will be paid for 3 years with the interest rate of 129 convertible quarterly How many payments are needed until the loan is paid? 1 point 13 0 What is the total number of deferred periods? * 15 0 0 0 0 O 12 How much is the cash loan? i point Php80,740.58 Php83,740.58 Php155,865.25 0 Php162,593.56 Clear form Back Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!