ntify the Given and the Unknown or what is being asked in the problem (b)Provide the formula to be used (c)Show the complete solution. The final answer is already provided. Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first payment was made a year after the money was borrowed. How much in each quarterly installments if rate of interest is 10% compounded bi-monthly? Answer: A = 8,706.61Php
ntify the Given and the Unknown or what is being asked in the problem (b)Provide the formula to be used (c)Show the complete solution. The final answer is already provided. Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first payment was made a year after the money was borrowed. How much in each quarterly installments if rate of interest is 10% compounded bi-monthly? Answer: A = 8,706.61Php
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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Question
SUBJECT:
(a) Identify the Given and the Unknown or what is being asked in the problem
(b)Provide the formula to be used
(c)Show the complete solution. The final answer is already provided.
Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first payment was made a year after the money was borrowed. How much in each quarterly installments if rate of interest is 10% compounded bi-monthly?
Answer: A = 8,706.61Php
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