A man agreed to pay the loan he is borrowing from a bank in six equal year-end payments of P71,477.70. Interest is 18% p

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answerhappygod
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A man agreed to pay the loan he is borrowing from a bank in six equal year-end payments of P71,477.70. Interest is 18% p

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A man agreed to pay the loan he is borrowing from a bank in six
equal year-end payments of P71,477.70. Interest is 18% per annum,
compounded annually, and is included in the yearly amount he will
be paying the bank. How much money is the man borrowing from the
bank?
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