Question
Mr. Kirizato borrowed P1,000,000 at 10% interest compounded quarterly and payable every month for 5 years. a.how much of the load remains unpaid immediately after
Mr. Kirizato borrowed P1,000,000 at 10% interest compounded quarterly and payable every month for 5 years.
a.how much of the load remains unpaid immediately after he has paid the 12th payment?
b.What is effective annual interest rate?
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Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
