Question
A college student borrows P10,000 today at 10% interest compounded annually. Four years later, the student makes the first repayment of P3000. Approximately how much
A college student borrows P10,000 today at 10% interest compounded annually. Four years later, the student makes the first repayment of P3000. Approximately how much money will the student still owe on the load after the first payment?Required to answer. Single choice.
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
