NOTE: no need to explain it, just provide an answer
How much is applied to Principal amount in the first payment made for the first year?
D. ₱3,000.00
How much is the principal balance at the end of the 3rd quarter?
D. ₱74,856.21
How much is the payment made on the 4th quarter?
D. ₱1,957.23
How much would be the balance at the end of the second year?
Extracted text: For item numbers 30 to 33: Below is the table of loan amortization payment of a loan made by Mr. Jowabels amounting to P100,000 payable quarterly in 2 years at 12% interest. LOAN AMORTIZATION TABLE Quarterly Applied to Applied to Principal Period of Principal Payment Payment Interest Balance P 14,245.64 P 3,000.00 P 14,245.64 P 14,245.64 P 2,315.14 P 11,930.50 P 14,245.64 P 1,957.23 P 12,288.41 P 14,245.64 P 1,588.57 P 14,245.64 P 14,245.64P P 14,245.64 P 88,754.36 P 11,583.01 P 77,171.35 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter P 40,295.38 P 27,258.60 P 13,427.88 P 13,830.72 5th Quarter 6th Quarter 7th Quarter 817.76 8th Quarter Your answer