# A took a loan of P850,000 to purchase a car. If the company charges compound interest at

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## Question:

A took a loan of P850,000 to purchase a car. If the company charges compound interest at 11% semi-annually during the first year, 13.5% compounded quarterly during the second year and 10% monthly for the remaining years, how much will he have to pay after 5 years?

**Related Book For**

## Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe