Question: answer and create a cashflow diagram also A contractor took out a loan from a certain bank in an amount that could be repaid over

answer and create a cashflow diagram also

A contractor took out a loan from a certain bank in an amount that could be repaid over four years in year-end installments, with the first payment due after three years. How much did he borrow if the interest rate was 8% and if the initial payment was PHP 100,000 and increased also by 8%

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