document.write( "Question 1182498: Andrew borrowed PhP 25,000.00 and agrees to repay the loan by level monthly installments for 10 months at 8.4% interest convertible monthly. Construct a loan amortization schedule for this loan. \n" ); document.write( "
Algebra.Com's Answer #812559 by Theo(13342)\"\" \"About 
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present value = 25000
\n" ); document.write( "future value = 0
\n" ); document.write( "interest rate per month = 8.4% / 12 = .7%
\n" ); document.write( "number of months = 10
\n" ); document.write( "payments are made at the end of each month.
\n" ); document.write( "payments need to be 2597.257022 per month.
\n" ); document.write( "round to nearest penny = 2597.26 per month.\r
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\n" ); document.write( "\n" ); document.write( "here's what it looks like using the arachnoid financial calculator at https://arachnoid.com/finance/index.html\r
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\n" ); document.write( "\n" ); document.write( "inputs were everything but pmt.
\n" ); document.write( "click on pmt to get the answer.\r
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