Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1% years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12%compounded quarterly. What single payment she must pay after 3 % years at an interest rate of 16%compounded quarterly to settle the two obligations?

It is given that amount paid after 1 and half year is 315,000 and amount to be paid after 3 years at…

Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1 years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12% ompounded quarterly. What single payment she must pay after 3 ½ years at an interest rate of 16% ompounded quarterly to settle the two obligations?

Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1 years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12% ompounded quarterly. What single payment she must pay after 3 ½ years at an interest rate of 16% ompounded quarterly to settle the two obligations?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1
% years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12%
compounded quarterly. What single payment she must pay after 3 % years at an interest rate of 16%
compounded quarterly to settle the two obligations?

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