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What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699 every three months at an interest of 4% compounded quarterly and he agreed to pay the loan in 4 years and 6 months? Round off the answer to the nearest whole number. Php 29,951 O Php 27,464 Php 28,707 Php 26,222
Transcribed Image Text:What is the interest of the amount barrowed by Mr. Carlo if he is paying Php 18,699 every three months at an interest of 4% compounded quarterly and he agreed to pay the loan in 4 years and 6 months? Round off the answer to the nearest whole number. Php 29,951 O Php 27,464 Php 28,707 Php 26,222
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