Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded monthly, how much did she pay? A P 154,000.04 P 163, 256.09 P 173, 224.18 D P 110,690.34

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Question 27
Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded monthly, how much did she
pay?
A
P 154,000.04
В
Р 163, 256.09
P 173, 224.18
P 110,690.34
Transcribed Image Text:Question 27 Ms. Cruz borrowed P50, 000 and repaid it 5 years later. If money earns interest at16% compounded monthly, how much did she pay? A P 154,000.04 В Р 163, 256.09 P 173, 224.18 P 110,690.34
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