5. Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15%compounded semiannually and P5,000.00 to be paid after 3 yrs. at 12.5%compounded monthly. What single payment must she pay after 3.5 years at aninterest rate of 16% compounded semi-annualy to settle the two obligations?

Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Answered: Jomai borrowed P6,666.00 to be paid…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and P5,000.00 to be paid after 3 yrs. at 12.5% compounded monthly. What single payment must she pay after 3.5 years at an interest rate of 16% compounded semi-annualy to settle the two obligations?