Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1 years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12% ompounded quarterly. What single payment she must pay after 3 ½ years at an interest rate of 16% ompounded quarterly to settle the two obligations?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1
% years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12%
compounded quarterly. What single payment she must pay after 3 % years at an interest rate of 16%
compounded quarterly to settle the two obligations?
Transcribed Image Text:Hiro Hamada borrowed money to Robotic Lending Company an amount of P315,000 to be paid after 1 % years with interest at 12% compounded annually and P520,000 to be paid after 3 years at 12% compounded quarterly. What single payment she must pay after 3 % years at an interest rate of 16% compounded quarterly to settle the two obligations?
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