A Bank offers you a 250,000 pesos, 3 years and 6 months term loan at 4. 78 percent annual interest. What will your Monthly loan payment be? A manufacturer is going to modify a material handling system. This modification will result in a first-year savings of 30,000 pesos, a second-year savings of 40,000 pesos, a third-year savings of 50,000 pesos, and so on. The system lasts for 15 years at a 15% return on investment. The system has no market (salvage) value at any time. How much could be justified now for system modification?