If you borrowed P 10, 000.00 from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year? Given: Required: Solution:

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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Problem 5
If you borrowed P 10, 000.00 from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year?

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