Ellen borrowed P100,000 from a local bank at 10% annually. She must pay back the loan in five  years with uniform payments due on the first day of each month. How much is her monthly  payment?

Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
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Ellen borrowed P100,000 from a local bank at 10% annually. She must pay back the loan in five 
years with uniform payments due on the first day of each month. How much is her monthly 
payment?

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