Answered: If compounded monthly, a loan will be…

If compounded monthly, a loan will be amounting to ₱132,400 if invested at 11.5%interest for 1.75 years, how much principal will be invested?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If compounded monthly, a loan will be amounting to ₱132,400 if invested at 11.5%interest for 1.75 years, how much principal will be invested?

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