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please show solutions and formulas used On January 1 , 2 0 2 3 , Michael borrowed P 1 2 , 0 0 0 and

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please show solutions and formulas used
On January 1,2023, Michael borrowed P12,000 and agreed to repay it with P4,650.70. If the periodic interest is 6%, what
amount must he repay? Assume quarterly compounding. Round your final answer to the nearest hundredth.
P. P16,650.70
E.P15,560.70
x. None of the choices
H.P16,560.70
N.P15,650.70
O.P14,650.70
I. P14,560.70
Referring to item 42, on what date should Andre repay the amount he borrowed? Use the Banker's Rle.
C. June 27,2028
W. June 28,2024
E. None of the ehoices
D. June 28,2028
I. May 25,2024
U. June 27,2024
S. May 26,2024
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