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Answered

1. Monthly payments of P 2,000 for 5 years with interest rate of 12 compounded
monthly
2. Quarterly payment of P 15,000 for 10 years with interest rate of 8% compounded
quarterly.​

Sagot :

Kanakinikato2go

Answer:

1. P 89,910.08

2.P 410,332.19

Step-by-step explanation:

1.

R= 2,000

t= 5

j=0.12/12 = 0.01

n= 12(5) = 60

m= 12

i= 0.12

2.

R= 15,000

t= 10

j= 0.08/4= 0.02

m= 4

n= 4(10) =40

i= 0.08

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