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A man needs Php12,000 immediately as down payment on a new gadget, suppose that he can borrow this money from his compan
Posted: Sun Jun 05, 2022 11:24 am
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 (38.84 KiB) Viewed 55 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