What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, ifthe loan was made 8 years and 6 months ago at a rate of 7% compounded quarterly?A. P12,793.76B. P14,069.05O C. P12,940.17D. P12,800.95

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Answered: What sum of money will be required to…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

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What sum of money will be required to discharge a loan of P7,800 on April 1, 2022, if the loan was made 8 years and 6 months ago at a rate of 7% compounded quarterly? A. P12,793.76 B. P14,069.05 O C. P12,940.17 D. P12,800.95