Performance Task 1

Eshmir’s Company borrowed Php 2,000,000.00 from a bank on

December 31, 2019. It has an annual interest rate of 16%. The
principal is payable at the end of every quarter amounting to
Php 250,000.00. Complete the amortization table if the first
quarterly payment will be on March 31, 2020 and the loan will
end on December 31, 2021.

Prepare an amortization schedule. (30 points)

Performance Task 2
A debt of Php 2,000,000.00 is to be repaid with equal payments
at the end of each quarter over a 2 year-period. The interest
rate is 16% converted quarterly. Construct an amortization
schedule and find the quarterly payments.

Prepare an amortization schedule. (30 points)