3. A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan. Given: P = 8,300 Rate = 10% or 0.10 Time = 7 quarterly Compounding period (n) = 4(quarterly)
3. A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan. Given: P = 8,300 Rate = 10% or 0.10 Time = 7 quarterly Compounding period (n) = 4(quarterly)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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A loan of 7 quarterly payments of Php. 8,300 is to be made, to pay for a loan at 10% compounded quarterly. Find the value of the loan
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