Mathematics, 02.07.2020 03:01 TTHOR1935
A businessman borrowed P3,000,000 with interest at the rate of 6% compounded annually. He agrees to discharge his obligations by paying a series of 6 annual payment, the first being due at the end of the fifth year. Determine the value of his annual payment. A. 500,000 B. 770,222 C. 726,625 D. 600,000
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A businessman borrowed P3,000,000 with interest at the rate of 6% compounded annually. He agrees to...
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