TOPIC: ENGINEERING ECONOMICS and Specific SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. Instructions: Solve each problem NEATLY 1. Gian paid an interest of Php 8000 on a salary loan for 5 years at 7 % interest. What was the original loan? How much did he pay at the end of 5 years?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 5CE
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TOPIC: ENGINEERING ECONOMICS
Specific
SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final
answers. Express all your answers in 2 decimal places.
Instructions: Solve
each problem
NEATLY
and
1. Gian paid an interest of Php 8000 on a salary loan for 5 years at 7
% interest. What was the original loan? How much did he pay at
the end of 5 years?
Transcribed Image Text:TOPIC: ENGINEERING ECONOMICS Specific SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. Instructions: Solve each problem NEATLY and 1. Gian paid an interest of Php 8000 on a salary loan for 5 years at 7 % interest. What was the original loan? How much did he pay at the end of 5 years?
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