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Engr. Sison borrows Php 100,000.00 at 10% effective annual interest. He must pay back the loan over 30 years with uniform monthly payments due on

Engr. Sison borrows Php 100,000.00 at 10% effective annual interest. He must pay back the loan over 30 years with uniform monthly payments due on the first day of each month. What does he has to pay each month?

Answer: Php 879.00

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