Answered: A loan made today has a future worth of…

A loan made today has a future worth of P59,525 at the end of 6th year and P90,609 at the beginning of 10th year. What is the present value of the loan?

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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Question

A loan made today has a future worth of P59,525 at the end of 6^th year and P90,609 at the beginning of 10^th year. What is the present value of the loan?

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