Solve questions no.9 and 10, and show a clear and readable solution.Note: The answer is given on the bottom side of each number, just show the solution on how to get it. Also, please write the given and the required.Thanks!!! EX9. A woman borrowed P3,000 to be paid after 12 years withinterest at 12% compounded semiannually and P5,000 to be paidafter 3 years at 12% compounded monthly. What single paymentmust she pay after 3 years at an interest rate of 16% compoundedquarterly to settle the two obligations?Ans. P12, 627.5910. Mr. J. de la Cruz borrowed money from a bank. He receivedfrom the bank P1,342 and promise to repay P1,500 at the end of 9months. Determine the simple interest rate and the correspondingdiscount rate or often referred to as the "Banker's discount."Ans. 11.7%, 10.53%

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Solve questions no.9 and 10, and show a clear and readable solution. Note: The answer is given on the bottom side of each number, just show the solution on how to get it. Also, please write the given and the required. Thanks!!!

Solve questions no.9 and 10, and show a clear and readable solution. Note: The answer is given on the bottom side of each number, just show the solution on how to get it. Also, please write the given and the required. Thanks!!!

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve questions no.9 and 10, and show a clear and readable solution.

Note: The answer is given on the bottom side of each number, just show the solution on how to get it. Also, please write the given and the required.

Thanks!!!

EX
9. A woman borrowed P3,000 to be paid after 12 years with
interest at 12% compounded semiannually and P5,000 to be paid
after 3 years at 12% compounded monthly. What single payment
must she pay after 3 years at an interest rate of 16% compounded
quarterly to settle the two obligations?
Ans. P12, 627.59
10. Mr. J. de la Cruz borrowed money from a bank. He received
from the bank P1,342 and promise to repay P1,500 at the end of 9
months. Determine the simple interest rate and the corresponding
discount rate or often referred to as the "Banker's discount."
Ans. 11.7%, 10.53%

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