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A business loan of P650,000 is to be settled by paying P29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how

A business loan of P650,000 is to be settled by paying P29,994.20 monthly in 2 years. If the interest rate is 10% converted monthly, how much is the outstanding balance after 6 payments?
A. P275,000
B. P990,000.14
C. P329,003.03
D. P499,428.21

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