p5-47

End of the Year Loan Payment Beg. Of Year Payments End of the Year
Principal Interest Principal Principal
₱ 15,000.00
1 ₱ 6,460.97 ₱ 15,000.00 ₱ 2,100.00 ₱ 4,360.97 ₱ 10,639.03
2 ₱ 6,460.97 ₱ 10,639.03 ₱ 1,489.46 ₱ 4,971.51 ₱ 5,667.52
3 ₱ 6,460.97 ₱ 5,667.52 ₱ 793.45 ₱ 5,667.52 ₱ 0.01

a
End of the Year Loan Payment Beg. Of Year Payments End of the Year
Principal Interest Principal Principal
₱ 12,000.00
1 ₱ 4,656.40 ₱ 12,000.00 ₱ 960.00 ₱ 3,696.40 ₱ 8,303.60
2 ₱ 4,656.40 ₱ 8,303.60 ₱ 664.29 ₱ 3,992.11 ₱ 4,311.49
3 ₱ 4,656.40 ₱ 4,331.49 ₱ 346.52 ₱ 4,309.88 ₱ 21.61

EAR
b 10619.05

d 1193.26