Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he commit to pay the loan in 3 years and 6 months. If he is paying Php 15,341 every three months how much did he borrowed? Round off the answer to the nearest whole number. O Php 233,128 O Php 195,913 Php 169,968 O Php 197,291

Mr. Santos borrowed a certain amount from Bank A with an interest of 5% compounded quarterly and he commit to pay the loan in 3 years and 6 months. If he is paying Php 15,341 every three months how much did he borrowed? Round off the answer to the nearest whole number. O Php 233,128 O Php 195,913 Php 169,968 O Php 197,291

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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