SOLUTION: How much interest will be paid in 2 years for a loan of Php 20 000 at an interest rate of 6% p. a. compounded quarterly?
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Question 895306: How much interest will be paid in 2 years for a loan of Php 20 000 at an interest rate of 6% p. a. compounded quarterly?
Answer by mark_henrhiz(40) (Show Source): You can put this solution on YOUR website!
Are you a Filipino?
P = P 20 000
r = 0.06
n = 4
t = 2
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