tephanie loans P400,000.00 from a bank with interest at 6% compounded annually. She agrees to pay her obligations by p ayments, the first being due at the end of 10 years. Find the annual payments. a. P97,832.68 b. P97,328.68 O c. P97,382.68 d. P97,238.68

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Stephanie loans P400,000.00 from a bank with interest at 6% compounded annually. She agrees to pay her obligations by paying 5 equal
payments, the first being due at the end of 10 years. Find the annual payments.
O a. P97,832.68
O b. P97,328.68
O c. P97,382.68
O d. P97,238.68
Transcribed Image Text:Stephanie loans P400,000.00 from a bank with interest at 6% compounded annually. She agrees to pay her obligations by paying 5 equal payments, the first being due at the end of 10 years. Find the annual payments. O a. P97,832.68 O b. P97,328.68 O c. P97,382.68 O d. P97,238.68
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