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1.) A business loan worth Php1,000,000 is to be repaid quarterly in 2 years. The interest rate is 10% converted quarterly. a.) How much is
1.) A business loan worth Php1,000,000 is to be repaid quarterly in 2 years. The interest rate is 10% converted quarterly. a.) How much is the quarterly payment? (3 points) b.) How much is the total amount paid and total interest? ( 3 points) c.) Construct an amortization schedule. (8 points) d.) How much is the outstanding balance after 1 year? (1 point) e.) How much are the principal repayment and interest component of the 5th payment? ( 2 points) 1.) A business loan worth Php1,000,000 is to be repaid quarterly in 2 years. The interest rate is 10% converted quarterly. a.) How much is the quarterly payment? (3 points) b.) How much is the total amount paid and total interest? ( 3 points) c.) Construct an amortization schedule. (8 points) d.) How much is the outstanding balance after 1 year? (1 point) e.) How much are the principal repayment and interest component of the 5th payment? ( 2 points)
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