. A business loan of P1,000,000 is to be repaid in full after 3 years. If the interest rate is 7% per annum. How much should be paid after 3 years? 2. Mr. Espiritu obtained a P470,000 car loan that will be paid in full after 2 1/2 years. If interest is at 12% compounded every 6 months, how much is to be paid after 2 ½ years?
. A business loan of P1,000,000 is to be repaid in full after 3 years. If the interest rate is 7% per annum. How much should be paid after 3 years? 2. Mr. Espiritu obtained a P470,000 car loan that will be paid in full after 2 1/2 years. If interest is at 12% compounded every 6 months, how much is to be paid after 2 ½ years?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
1. A business loan of P1,000,000 is to be repaid in full after 3 years. If the interest
rate is 7% per annum. How much should be paid after 3 years?
2. Mr. Espiritu obtained a P470,000 car loan that will be paid in full after 2 1/2 years.
If interest is at 12% compounded every 6 months, how much is to be paid after 2 ½
years?
Please answer 1-2 sub-units thank you!
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