A young engineer borrowed P10,000 at 12% interest and paid P2,000 per annum for the last 4 years? What does he have to pay at the end of the fifth year in order to pay off his loan?
A young engineer borrowed P10,000 at 12% interest and paid P2,000 per annum for the last 4 years? What does he have to pay at the end of the fifth year in order to pay off his loan?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A young engineer borrowed P10,000 at 12% interest and paid P2,000 per annum for the last 4 years? What does he have to pay at the end of the fifth year in order to pay off his loan?
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