Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![2.What is the amount due at the end of loan
period, if a loan of Php 50,000 is made for a
period of 16 months at a rate of 7.5%?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a37bed4-920d-4b29-8925-50e716718009%2F99844b70-77c9-47ca-a4d9-2d7db52e6a06%2F6jomvjk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2.What is the amount due at the end of loan
period, if a loan of Php 50,000 is made for a
period of 16 months at a rate of 7.5%?
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