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Mathematics, 06.02.2021 01:40 fendyli6066

B. Solve the following problems completely. 1. A business loan of 800,000 is to be repaid in full after 2 years. What is
the amount to be paid if the effective rate of interest is 8%?
2. For the purchase of a farm worth P2,800,000, the bank requires 30%
down payment, find the mortgaged amount.
3.

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