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21. If the first one offers to lend him #10,000 payable after one year, how much money will he pay if money is worth 12% annually? a, P10,200 c. P11,200 b. P12,000 d. P10,120

21. If the first one offers to lend him #10,000 payable after one year, how much money will he pay if money is worth 12% annually? a, P10,200 c. P11,200 b. P12,000 d. P10,120

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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www SITUATION 2: Ricardo is short of money and still has bills to pay. He was offered by two lenders different ways to 'help' him. 21. If the first one offers to lend him P10,000 payable after one year, how much money will he pay if money is worth 12% annually? a, P10,200 c. P11,200 or a b. P12,000 ven d. P10,120 22. The second one offered to lend him P10,000 but that amount shall be deducted by the 10% interest first before finally giving him the amount. If he is obliged to pay the 10, 000 at the end of one year, what is the real effective interést in this kind of loan? nter a. 11.11% b. 10.10% C. 12.12% d. 10.00% 23. If he agrees to come in terms with the first company but negotiates to pay the amount by making payments once every 6 months, how much money shall he pay the first company semi-annually? a. P5,600 C. P5,500 road b, P5,466.59 oping d. P5,656.56 SITUATION 3: 344
Transcribed Image Text:www SITUATION 2: Ricardo is short of money and still has bills to pay. He was offered by two lenders different ways to 'help' him. 21. If the first one offers to lend him P10,000 payable after one year, how much money will he pay if money is worth 12% annually? a, P10,200 c. P11,200 or a b. P12,000 ven d. P10,120 22. The second one offered to lend him P10,000 but that amount shall be deducted by the 10% interest first before finally giving him the amount. If he is obliged to pay the 10, 000 at the end of one year, what is the real effective interést in this kind of loan? nter a. 11.11% b. 10.10% C. 12.12% d. 10.00% 23. If he agrees to come in terms with the first company but negotiates to pay the amount by making payments once every 6 months, how much money shall he pay the first company semi-annually? a. P5,600 C. P5,500 road b, P5,466.59 oping d. P5,656.56 SITUATION 3: 344
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