Question: Show step-by-step solution. Compute manually. 1. Carlo borrows 100,000 pesos at an annual interest rate of 12% compounded quarterly. The loan is to be repaid

Show step-by-step solution. Compute manually.

1. Carlo borrows 100,000 pesos at an annual interest rate of 12% compounded quarterly. The loan is to be repaid by equal quarterly payments for 2 years. Determine each payment. Then make an amortization schedule for this loan.

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