A man needs Php12,000 immediately as down payment on a new gadget, suppose that he can borrow this money from his compan

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A man needs Php12,000 immediately as down payment on a new gadget, suppose that he can borrow this money from his compan

Post by answerhappygod »

A Man Needs Php12 000 Immediately As Down Payment On A New Gadget Suppose That He Can Borrow This Money From His Compan 1
A Man Needs Php12 000 Immediately As Down Payment On A New Gadget Suppose That He Can Borrow This Money From His Compan 1 (38.84 KiB) Viewed 53 times
A man needs Php12,000 immediately as down payment on a new gadget, suppose that he can borrow this money from his company credit cooperative. He will be required to repay the loan in equal payments, made every six months over the next 8 years. The annual interest rate being charged is 10% compounded continuously. What is the amount of each payment? a) 1,785.54 b) 1,319.33 c) 2,330.34 d) 1,117.27 e) None
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”