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Maria loaned an amount of 100,00OPhp payable in 15 equal quarterly instalments. The first payment was made a year after the money was borrowed.
Maria loaned an amount of 100,00OPhp payable in 15 equal quarterly instalments. The first payment was made a year after the money was borrowed. How much in each quarterly installments if rate of interest is 10% compounded bi-monthly?
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
