Ms. Cruz borrowed ₱50, 000 and repaid it 5 years later. If money earns interest at16% compounded monthly, how much did she pay?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Ms. Cruz borrowed ₱50, 000 and repaid it 5 years later. If money earns interest at16% compounded monthly, how much did she pay?

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