Annabelle loaned a certain amount from ABC bank. She agrees to pay P5000 at the beginning of each quarter for 6 years with the interest of 10% compounded quarterly. 1. Find the present worth of her debts. 2. How much still remains unpaid just after she made her 4th payment? 3. How much still remains unpaid just before she made her 12th payment?

Annabelle loaned a certain amount from ABC bank. She agrees to pay P5000 at the beginning of each quarter for 6 years with the interest of 10% compounded quarterly. 1. Find the present worth of her debts. 2. How much still remains unpaid just after she made her 4th payment? 3. How much still remains unpaid just before she made her 12th payment?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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