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DCM Corporation borrowed P100,000 for six months from the bank. The rate is prime plus 2 percent, floating. The prime rate was 8 percent at

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DCM Corporation borrowed P100,000 for six months from the bank. The rate is prime plus 2 percent, floating. The prime rate was 8 percent at the beginning of the loan and changed to 9 percent after two months. This was the only change. How much interest must DCM corporation pay? P5,000 P5,500 P4,333 P5,333

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