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A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total amount to be repaid is at P275,000, what was the corresponding interest rate if it compounded quarterly? * O 4.35% O 4.53% 4.76% 4 95%

A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total amount to be repaid is at P275,000, what was the corresponding interest rate if it compounded quarterly? * O 4.35% O 4.53% 4.76% 4 95%

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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A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total amount to be repaid is at P275,000, what was the corresponding interest rate if it compounded quarterly? * 4.35% 4.53% 4.76% 4.95%
Transcribed Image Text:A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total amount to be repaid is at P275,000, what was the corresponding interest rate if it compounded quarterly? * 4.35% 4.53% 4.76% 4.95%
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