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PROBLEM 1: A man borrowed P3000 to be paid after 18 months with interest at 12% compounded semi-annually and P5 000 to b
Posted: Fri Mar 04, 2022 10:06 am
by answerhappygod
- Problem 1 A Man Borrowed P3000 To Be Paid After 18 Months With Interest At 12 Compounded Semi Annually And P5 000 To B 1 (30.94 KiB) Viewed 31 times
PROBLEM 1: A man borrowed P3000 to be paid after 18 months with interest at 12% compounded semi-annually and P5 000 to be paid after 36 months at 12 % compounded monthly . What single payment must he pay after 42 months at an interest rate of 16% compounded quarterly to settle the two obligations ?