13 Melvin availed of a loan from a bank that gave him an option to pay P20,000 monthly for 2 years The first payment is due after 4 months How much is the present value of the loan if the interest rate is 10 converted monthly e ) P422,795 78 f ) P422,759 78 g ) P422,579 78 h ) P422,597 78 13 Melvi...

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Finance Applications and Theory

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13. Melvin availed of a loan from a bank that gave him an option to pay...

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Finance Applications and Theory

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