A man borrowed P400,000 from a lending institution which will be

paid after 10 years at an interest rate of 6% compounded annually.

If money is worth 3% compounded monthly, how much should he

pay monthly in order to discharge his debt 10 years hence?

asked by guest
on Jan 13, 2025 at 1:08 am



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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