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7. AP150,000 loan is to be paid as follows: P 10,000/month Final payment If the annual rate of interest is 12% compounded monthly, find the final payment 1st to 10th month 11th month Select the correct response: O P 62,299 O P 61,681.92 O P61,634 O P68,298

7. AP150,000 loan is to be paid as follows: P 10,000/month Final payment If the annual rate of interest is 12% compounded monthly, find the final payment 1st to 10th month 11th month Select the correct response: O P 62,299 O P 61,681.92 O P61,634 O P68,298

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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7. A P150,000 loan is to be paid as follows: P 10,000/month Final payment. If the annual rate of interest is 12% compounded monthly, find the final payment 1st to 10th month 11th month Select the correct response.: O P 62,299 O P61,681.92 O P61,634 O P68,298
Transcribed Image Text:7. A P150,000 loan is to be paid as follows: P 10,000/month Final payment. If the annual rate of interest is 12% compounded monthly, find the final payment 1st to 10th month 11th month Select the correct response.: O P 62,299 O P61,681.92 O P61,634 O P68,298
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