Question
A Php 110,233 was loaned at an interest rate of 0.061. 9 annual payments have to be settled, the first payment will start at the
A Php 110,233 was loaned at an interest rate of 0.061. 9 annual payments have to be settled, the first payment will start at the end of the 3rd year.
Compute for the principal amount remaining at the start of the 6th year.
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
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