SOLUTION: You take out Php 20,000 loan at a 5% interest rate compounded annually. How much will you owe after 10 years?

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Question 1186377: You take out Php 20,000 loan at a 5% interest rate compounded annually.
How much will you owe after 10 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
You take out Php 20,000 loan at a 5% interest rate compounded annually.
How much will you owe after 10 years?
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20,000*(1.05^10) Php