document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1194194>Question 1194194</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A ₱300,000 debt is to be paid by quarterly payments of ₱22,000 at <BR>\n" );
document.write( "14% compounded quarterly with the smaller payment to be made <BR>\n" );
document.write( "three months after the last full payment date.<BR>\n" );
document.write( "a. How many regular payments of ₱22,000 are needed?<BR>\n" );
document.write( "b. What is the outstanding balance after the eight payments?<BR>\n" );
document.write( "c. How much of the ninth payment is interest?<BR>\n" );
document.write( "d. How much of the ninth payment goes to the payment of the <BR>\n" );
document.write( "principal?<BR>\n" );
document.write( "e. Find the final payment </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #826494 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=826494\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> my spreadsheet is below.\r<BR>\n" );
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document.write( "answers to your questions are below.\r<BR>\n" );
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document.write( "a. How many regular payments of ₱22,000 are needed?<BR>\n" );
document.write( "18 regular payments of 22,000 each are needed.\r<BR>\n" );
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document.write( "b. What is the outstanding balance after the eighth payment?<BR>\n" );
document.write( "the outstanding balance after the 8th payment is equal to $195,905.60.\r<BR>\n" );
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document.write( "c. How much of the ninth payment is interest?<BR>\n" );
document.write( "the interest part of the ninth payment is equal to $6,856.70.\r<BR>\n" );
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document.write( "d. How much of the ninth payment goes to the payment of the<BR>\n" );
document.write( "principal?<BR>\n" );
document.write( "the principal part of the ninth payment is equal to 22,000 minus 6,856.70 = $15,143.30.\r<BR>\n" );
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document.write( "e. Find the final payment<BR>\n" );
document.write( "the final payment is equal to $18,892.42.\r<BR>\n" );
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document.write( "all of the required information is in the spreadsheet.<BR>\n" );
document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo\r<BR>\n" );
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