Reference no: EM133098932

Questions -

Q1) On January 1, 2018, a company borrowed 2,000,000.00 from a bank at the rate of 12 % a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. How much is the total payment to be made for the fourth periodic payment?

Q2) On January 1, 2018, a company borrowed 2,000,000.00 from a bank at the rate of 12 % a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. How much is the total payment to be made for the second periodic payment?

Q3) On January 1, 2018, a company borrowed 2,000,000.00 from a bank at the rate of 12 % a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. How much is the total interest during the fourth periodic payment?

Q4) On January 1, 2018, a company borrowed 2,000,000.00 from a bank at the rate of 12 % a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. When is the second periodic payment?

Q5) On January 1, 2018, a company borrowed 2,000,000.00 from a bank at the rate of 12 % a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. How much is the total interest for the third periodic payment?