Question: Solve question no.8 and show a clear and readable solution. Note: The answer is given on the bottom side of the number, just show the

Solve question no.8 and show a clear and readable solution. Note: The answer is given on the bottom side of the number, just show the solution on how to get it. Thanks!!!

8. Jones Corporation borrowed P9,000 from Brown Corporation on Jan. 1, 1978 and P12,000 on Jan. 1, 1980. Jones Corporation made a partial payment of P7,000 on Jan. 1, 1981. It was agreed that the balance of the loan would be amortized by two payments, one of Jan. 1, 1982 and the other on Jan. 1, 1983, the second being50% larger than the first. If the interest rate is 12%, what is the amount of each payment? Ans. P9, 136.91; P13,705.36

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