Hugo loaned P200,000 from a local bank to be paid back uniformly in five years. How much will he pay annually if the bank is offering 5% compounded continuously?

Essentials Of Investments
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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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2. Hugo loaned P200,000 from a local bank to be paid back uniformly in five years. How
much will he pay annually if the bank is offering 5% compounded continuously?
Transcribed Image Text:2. Hugo loaned P200,000 from a local bank to be paid back uniformly in five years. How much will he pay annually if the bank is offering 5% compounded continuously?
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