Question 1187678
the loan is for 1,000,000 php.
the yearly interest rate is 15%.
the number of years is 7.


the interest rate is compounded monthly.
the time periods are in months.


the interest rate per month is 15/12 = 1.25%.
the number of months is 7 * 12 = 84.


use a financial calculator, such as the ti-ba-ii to get a payment of 19296.75474 at the end of each month.


this is equal to 19296.75 rounded to the nearest penny.


using the online calculator at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>, i get the same answer rounded to the nearest penny.


here's what the output of the calculator looks like.


<img src = "http://theo.x10hosting.com/2021/111304.jpg" >


inputs are everything but pmt.
output is pmt.