AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company repays the loan by paying P400, 000 every 6 months. What is the outstanding principal after the 10th payment?
AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company repays the loan by paying P400, 000 every 6 months. What is the outstanding principal after the 10th payment?
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
Problem 1PS
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Transcribed Image Text:MAT 152: Mathematics in the Modern World
PHINMA EDUCATION
Lesson #17
MAKING LIVES BETTER THROUGH EDUCATION
ame:
Class number:
ection:
Schedule:
Date:
tructions: Solve the following problems using the formula above.
AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company
repays the loan by paying P400, 000 every 6 months. What is the outstanding principal after the 10th
payment?
"Check your answers against the Key to Corrections found at the end of this SAS.
Write your score on your paper."
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