How much does Alexander Enterprise need to deposit annually in order to acquire a certain piece of property owned by Romeo Steel if the agreed price is P10 million 5 years from now, with interest rate of 6% given by the bank? Formula: Solution: R= Answer: Solution: R= |R= 4 A commercial bank will loan you P100,000 for three years to buy a car. The loan must be repaid in 3 equal annual payments. The annual interest rate on the loan is 10% of the unpaid balance. What is the amount of the annual payments? Formula: Ai 1-(1+i)"" Answer: Si (1+i)" -1 R=