Answered: How much must be paid on the due date…

How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5, 2015, with the interest of 44 1/2 % compounded quarterly?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...

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How much must be paid on the due date of October 20, 2020, on a loan of P80,000 made on December 5, 2015, with the interest of 44 1/2 % compounded quarterly?

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