Question 1186810
.
Mr. P has a debt of Php5,000 due in five years is to be repaid. Php2,000 now 
and a second payment at the end of 6 years. How much should the second payment be 
if the rate of interest is 6% compounded quarterly?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



This problem's formulation is {{{highlight(highlight(idiotic))}}}, and I will explain WHY it is so, right now.


In the first sentence it says that the debt is due in 5 years.


Then in the second statement it tells that the second payment is at the end of 6 years,
without any explanations, why it is in 6 years and not in 5.



I do not like when idiotic assignments are posted to the forum.


So please refrain from posting idiotic tasks to this forum. Thanks.


Simply make an effort and check/read your post before submitting.