Please provide COMPLETE and CLEAR SOLUTION.4. Draw a CFD for P10,501 being loaned out at an interest rate of 12% per yearover a period of 6 years. How much simple interest would be repaid as a lump-sum amount at the end of the sixth year?

Given; Principal; P= P10,501 Interest rate; R=12% Time period; T= 6 years

Answered: Please provide COMPLETE and CLEAR…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please provide COMPLETE and CLEAR SOLUTION. 4. Draw a CFD for P10,501 being loaned out at an interest rate of 12% per year over a period of 6 years. How much simple interest would be repaid as a lump- sum amount at the end of the sixth year?