If I purchased a car loan for Php 800,000 with an annual rate of 15% for 5 years, how will I able to compute for compound and simple interest rate?Thank you! If I purchased a car loan for Php 800,000 with an annual rate of 15% for 5 years, how will I ableto compute for compound and simple interest rate?

Loan amount (P)= Php 800,000 Annual rate (R)= 15% Time (T)= 5 years S.I. and C.I.=?

Answered: If I purchased a car loan for Php…

If I purchased a car loan for Php 800,000 with an annual rate of 15% for 5 years, how will I able to compute for compound and simple interest rate?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 9P

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If I purchased a car loan for Php 800,000 with an annual rate of 15% for 5 years, how will I able to compute for compound and simple interest rate?

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