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Juan Dela Cruz borrowed Ph 2,400.00 at 1% per month payable in 24 equal end of the month payments. How much of the loan remains
Juan Dela Cruz borrowed Ph 2,400.00 at 1% per month payable in 24 equal end of the month payments.
How much of the loan remains unpaid immediately after he has paid the 12th payment, compute also the effective annual interest rate.
Answers: Php 1271.60; 12.68%
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Audit Of The Financial Stability Oversight Councils Designation Of Financial Market Utilities Report To The Financial Stability Oversight Council And The Congress
Authors: The Council Of Inspectors General On Financial Oversight
1st Edition
