Answered: Hugo loaned P200,000 from a local bank…

Hugo loaned P200,000 from a local bank to be paid back uniformly in five years. How much will he pay annually if the bank is offering 5% compounded continuously?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 31P

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2. Hugo loaned P200,000 from a local bank to be paid back uniformly in five years. How
much will he pay annually if the bank is offering 5% compounded continuously?

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