2. Suppose Sana borrows P8,500 from Momo to add to her son's tuition payment. She promises to pay Momo back in eight months at a rate of 15% per year. Determine the total payment Sana must make to Momo. 3. Suppose Jun borrows P15,000 in funds from Joshua, and this loan is payable in two years. How much will Jun pay at the end of five if the 13% interest rate Joshua mentioned was compounded annually? years

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A:

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