Question: HELP ASAP Consider a loan of Php 40,000, payable for 24 months at an interest rate of 8% compounded monthly. The periodic payment is computed

HELP ASAP

Consider a loan of Php 40,000, payable for 24 months at an interest rate of 8% compounded monthly. The periodic payment is computed at P1.809.09. What is the Outstanding Balance after the first period? Php38,417.05 Php 39.733.33 Php38.457.58 Php38.190.91

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