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1. An employee obtained a loan of P 10, 000 at the rate of 6% compounded annually in order to repair a house. How much

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An employee obtained a loan of P 10, 000 at the rate of 6% compounded annually in order to repair a house. How much must he pay monthly to amortize the loan within a period of 10 years? O 110.22 O 112.22 O 111.22 O 109.22 O 151.22What is the effective rate corresponding to 16% compounded daily? Take 1 year = 360 days. O 16.78% O 16.5% O 17.35% O 17.84% O 18.65%

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