Question
Mr. Young plan to up a Samgyeopsal business so he agreed to settle a debt as addition capital paying Php 12,500 yearly for 5 years.
Mr. Young plan to up a Samgyeopsal business so he agreed to settle a debt as addition capital paying Php 12,500 yearly for 5 years. What is the outstanding debt if money earns 1.2% compounded monthly.
Topic: Annuity
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Banking And Finance Issues In Emerging Markets
Authors: William A. Barnett
1st Edition
1787564541, 9781787564541
