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Amanparo Sahada is very excited to own a brand new Car. The Honda is selling this car for P800,000. The required down-payment is 20% of

Amanparo Sahada is very excited to own a brand new Car. The Honda is selling this car for P800,000. The required down-payment is 20% of the selling price. Country Bank is willing to finance the unit at 12% p.a. interest. Mr. Sahada wants to pay the loan on a quarterly basis good for two years only. Compute for the quarterly payments of the loan for two years. Prepare a loan amortization schedule (table) to support the computation (round off answers to P1.00).

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