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A man borrowed P10,000.00 to a loan shark on April 1, 2002 and P2,000 on April 1, 2004 agreeing that money is worth 6% compounded
A man borrowed P10,000.00 to a loan shark on April 1, 2002 and P2,000 on April 1, 2004 agreeing that money is worth 6% compounded annually. The man paid P4,200 on April 1, 2005, P3,800 on April 1, 2006 and P5,000 on April 1, 2007. How much should the man pay on April 1, 2010 to discharge all remaining liability?
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