Question
Dr. Doque borrowed P3000 to be paid after 1 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at
Dr. Doque borrowed P3000 to be paid after 1 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 years at an interest rate of 16% compounded quarterly to settle the two obligations?
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
