For the next 5 questions, refer to the following information: On January 1, 2021, ABC Company borrows P2,000,000 from a bank. The annual loan amortization is P487,781, to be paid at the end of each of...

pls refer to the image attached,

1. suppose that you have the capacity to pay, would you rather borrow a loan that is amortized monthly, or one that is amortized quarterly?

2. what is your considerations when availing a loan? (quantitative or qualitative considerations) Discuss.

Extracted text: For the next 5 questions, refer to the following information: On January 1, 2021, ABC Company borrows P2,000,000 from a bank. The annual loan amortization is P487,781, to be paid at the end of each of the next 5 years. The lender charges 7% on the balance at the beginning of each year.