1. A loan of 30 000.00 Php is to be paid monthly for 5 years that will start at the end of 4 years. If converted at 12%,how much is the monthly payment?
a. The type of Annuity illustrated in the problem is________.
b. The total number of payments is________.
c. The number of conversion period in the period deferral is________.
d. The interest rate per period is________.
e. The present value of the loan is_______.
PA HELP PO. Ty
a. The type of Annuity illustrated in the problem is________.
b. The total number of payments is________.
c. The number of conversion period in the period deferral is________.
d. The interest rate per period is________.
e. The present value of the loan is_______.
PA HELP PO. Ty
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Answer:
it is constant, variable or a product of a constant and a variable separated by the plus orminus sign.