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
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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."
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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