You borrowed 85,000 from your friend that you will pay back in 4 years and 4 months.
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Question:
You borrowed ₱85,000 from your friend that you will pay back in 4 years and 4 months. Interest is 10% compounded quarterly. You agreed to pay compounded interest for the first 4 years and simple interest for the remaining months. Show the cash flow diagram and solve for the total amount paid after the duration.
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