Question: I need help with questions 2, 3, 4, and 5 EXERCISES 4.10 AMORTIZATIONS Section: Days: Name: Year/Course: Score: Rating: Time: Date: Solve the following problems:

I need help with questions 2, 3, 4, and 5

I need help with questions 2, 3, 4, and 5 EXERCISES 4.10

EXERCISES 4.10 AMORTIZATIONS Section: Days: Name: Year/Course: Score: Rating: Time: Date: Solve the following problems: (Round amounts to the nearest centavo.) Mr. M. Rogue obtains a loan of P60,000 to be paid by equal payments at the end of each 3 months for 3 years at 8% compounded quarterly. How much is his periodic payment and the total amount of interest he will pay for the loan? An individual is required to pay 24 equal installments of P2,100.00 payable at the end of each month for a loan at 8% compounded monthly. Find the amount of his loan and the total amount of interest he will pay. A loan of P80,000.00 will be amortized quarterly for 2 years at 8% compounded quarterly. Find the periodic payment and the total amount of interest to be paid for the loan. Mr. R. Reyes borrowed P650,000 payable at the end of each month in equal installments at 8 % compounded monthly for 20 years. Find his periodic payment and the total amount of interest he paid for the loan. An employee obtained a housing loan of P500,000 which he would like to pay on equal installments at the end of each month for 25 years. Find his periodic installment if he is required pay 7.5% interest compounded monthly. How much total interest will he pay for the loan

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