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
Posted: Mon Mar 21, 2022 4:27 pm
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?
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?