If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years charged by an interest rate of 11.6% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?

If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years charged by an interest rate of 11.6% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 13PROB

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