Quèstion 22 A businessman borrowed P200,000 with interest at the rate of 4.3% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal seml-NOJ payments, the first being due at the end of 4 years. Find the semi-annual payment. Express your answer in whole number
Quèstion 22 A businessman borrowed P200,000 with interest at the rate of 4.3% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal seml-NOJ payments, the first being due at the end of 4 years. Find the semi-annual payment. Express your answer in whole number
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 19P
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![Quèstion 22
A businessman borrowed P200,000 with interest at the rate of 4.3% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal semi-annual
payments, the first being due at the end of 4 years. Find the semi-annual payment.
Express your answer in whole number.
«< Question 22 of 50
A Moving to another question will save this response.
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Transcribed Image Text:Quèstion 22
A businessman borrowed P200,000 with interest at the rate of 4.3% compounded semi-annually. He agrees to discharge his obligation by paying a series of 8 equal semi-annual
payments, the first being due at the end of 4 years. Find the semi-annual payment.
Express your answer in whole number.
«< Question 22 of 50
A Moving to another question will save this response.
acer
Home
asned
Break
F8
Del
PrtSc
SysRq
F4
F6
F7
F9
F10
F11
F12
Coc ala
Scr Lk
Ins
IL
24
&
*
Backs
€
6
7
8
W
E
Y
P
G
K
RI
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