QUESTION 14 You purchase a home priced at 1,750,000 Php. You paid 10% as the down payment and the remaining balance under a bank amortization plan to be paid in 8 years. At an effective quarterly...

QUESTION 14

1. 
   

   
   You purchase a home priced at 1,750,000 Php. You paid 10% as the down payment and the remaining balance under a bank amortization plan to be paid in 8 years. At an effective quarterly interest rate of 1.5%,
   

   
   

   
   How much interest will you pay in the 2nd year
   

   
   

Solve it early on white paper.

Not in excel