Mark borrowed 350,000 pesos from Anthony with a 11.23% simple interest rate. How much money will Mark pay in total after 5 years? 564,525 pesos O 547,525 pesos 546,525 pesos 546,255 pesos
Mark borrowed 350,000 pesos from Anthony with a 11.23% simple interest rate. How much money will Mark pay in total after 5 years? 564,525 pesos O 547,525 pesos 546,525 pesos 546,255 pesos
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Mark borrowed 350,000 pesos from Anthony with a 11.23% simple
interest rate. How much money will Mark pay in total after 5 years?
564,525 pesos
547,525 pesos
546,525 pesos
546,255 pesos](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fba812132-1a1a-44f4-8ba3-07770afdc35c%2Fc07626bc-df16-4062-86bb-f3b29ee3c829%2Fhzmtpvn_processed.png&w=3840&q=75)
Transcribed Image Text:Mark borrowed 350,000 pesos from Anthony with a 11.23% simple
interest rate. How much money will Mark pay in total after 5 years?
564,525 pesos
547,525 pesos
546,525 pesos
546,255 pesos
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