Question: Answer with solution please. Question 8 2 Po A couple secured a 4,000,000 php housing loan from a financing company that gives 12% Interest compounded

 Answer with solution please. Question 8 2 Po A couple secured

Answer with solution please.

Question 8 2 Po A couple secured a 4,000,000 php housing loan from a financing company that gives 12% Interest compounded monthly. They plan to amortize the loan for 20 years with monthly regular payments. On the 100th payment, how much of this amount goes to the Interest payment, and how much is apportioned to the repayment of the principal? 33,106,68 php goes to Interest and 10.036.76 php for tho orlndpolrepayment 27,376.78 php goes to interest and 16.66666 php for the principal repayment 33.214.96 php goes to interest and 10.828./19 php for the prindpal repayment 22.021.73 php goes to interest and 22.02172 php for the principa repeyment

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