document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1197200>Question 1197200</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. Lim owes Mr. Tan P150,000.00 due in 4.5 years. On the 3rd year, Mr. Lim pays P80,000.00. If the money is worth 9% compounded semi-annually, how much does Mr. Lim have to pay on the 6th year to discharge the rest of his obligation? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #830372 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=830372\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> on the third year, payment of 80,000 is made.<BR>\n" );
document.write( "money is 9% compounded semi-annually.<BR>\n" );
document.write( "9% / 2 = 4.5% every half year.<BR>\n" );
document.write( "by the third year, the money owed is 150,000 * 1.045 ^ 6 = 195,339.0187.<BR>\n" );
document.write( "the payment of 80,000 is made, reducing the money owed to 115,339.0187.<BR>\n" );
document.write( "the 6th year is 3 more years from the third year.<BR>\n" );
document.write( "the money owed at the end of the 6th year is 115.339.0187 * 1.045 ^ 6 = 150,201.4849. <BR>\n" );
document.write( "round to the nearest penny = 150,201.48.<BR>\n" );
document.write( "let me know if you have any questions.<BR>\n" );
document.write( "theo<BR>\n" );
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