man borrows Php 5000 and promises to pay the compound amount at 9 % compounded quarterly at the end of 6 years. At what simple interest rate could he just as well borrow, with the agreement to make a single payment including all interest at the end of 6 years? a. 11.76 % b. 12.56 % c. 13.07 % d. 10.37 %

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