Question: Please do help me answer this question. With the topic TOPIC: Capitalize cause, Amortization and Annuity. I promise to hit like button once you answer

Please do help me answer this question. With the topic

TOPIC: Capitalize cause, Amortization and Annuity.

I promise to hit like button once you answer it properly thanks.

QUESTION

(If I loaned P165,796 today and promised to pay it back after 5 years to the bank with monthly payments that starts also by the time I received my loaned amount with an interest rate of 10.46% compounded monthly. What is the monthly amount I must set aside to pay for this loan?)

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!

Please do help me answer this question. With the topic TOPIC: Capitalize cause, Amortization and Annuity. I promise to hit like button once you answer it properly thanks. Question (I have purchased a...

Please read carefully, all necessary information is attached, need to show work let me know if there is something missing. Microsoft word can be used thanks. You are Cindy, completing the analysis...

Guidelines for the Methods and Results paper Below are the step-by-step instructions for completing the paper due in Lesson 12. Follow these steps, and use the knowledge you've gained this semester...

Question #4 please can be handwritten or Microsoft word thanks. Need to show work. Exhibits 9 attached. You are Cindy, completing the analysis and developing a final report to Alan, president of...

please edit my work accordingly with the feedback that my professor gave me , you can adjust and change as much of it as you like I need this help because I am not good in English I am just...

How are the standards similar, different and if they are identical, explain why you think they are identical meducators from kindergarten through college, and parents, students, and other Writing,...

How much do you agree with the criteria? Which one do you prefer using in an emergency, If the standards are consistent, you can give compliments or make suggestions explain why? meducators from...

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

What do you assume the assessment method is for the standards?Explain Why? meducators from kindergarten through college, and parents, students, and other Writing, and Speaking and Listening...

I need help with my homework for my finance class. I will attach the questions. This is due by Tuesday, Sept 22. thanks Homework Assignment for Week 6: For Week 6, please turn in the answers to the...

Two particles, A and B, are in a uniform circular motion about a common center. The acceleration of particle A is 8.5 times that of particle B. The period of particle B is 2.0 times the period of...

Rosy Bank is a regional bank that lends primarily to small corporations. In the past week its credit department received a number of loan applications from different companies. After careful...

All of the following are lease classification tests to determine if it is a finance or operating lease except Select answer from the options below does the lease transfer ownership of the property to...

Deming \& Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. Required: Assuming that total joint costs of $443,520 were...