What sum of money is required to settle an obligation of P250300 on May 15, 2009 if the loan is made on November 15,2006 at the rate of 8.7 compound quarterly?
What sum of money is required to settle an obligation of P250300 on May 15, 2009 if the loan is made on November 15,2006 at the rate of 8.7 compound quarterly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 36P
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What sum of money is required to settle an obligation of P250300 on May 15, 2009 if the loan is made on November 15,2006 at the rate of 8.7 compound quarterly?
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