Question: need help with this please Read the following annuity problem. Fill in the blanks to complete the statement. Write your answers on a separate sheet
need help with this please


Read the following annuity problem. Fill in the blanks to complete the statement. Write your answers on a separate sheet of paper Problem A loan of P300.000 is to be repaid monthly for 5 years that will start at the end of 2 years. I the interest rate is 12% compounded monthly, how much is the monthly payment? 1. The type of annuity illustrated in the problem is a 2. The total number of payments is 3. The number of conversion periods in the period of deferral is 4. The interest rate per period is 5. The present value of the loan is 6. The monthly payment isMother was bothered with the monthly house rent and just wanted to buy a foreclosed. property from Pagibig Home Development Fund to end up her worries. She is thinking of borrowing P300,000 from a finance company that charges interest at 16% compounded semi- annually. The offer is to pay off the loan in twelve semi-annual payments. The first payment is to be made at the end of two years. Find her semi-annual payment
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