Question: answer with solution please Question 15 15.000 php was loaned from a bank. The choices below show four possible borrowing schemes that the bank offers

answer with solution please Question 15 15.000 php was loaned from

answer with solution please

Question 15 15.000 php was loaned from a bank. The choices below show four possible borrowing schemes that the bank offers to repay the loan. Which of the folowing is the best scheme that offers a mnmal interest charge? A) quarterly installment of 1.96035 php for 2 years B , 15% Interest rate compounded monthly. payable after 3 years 05% interest rate compounded annually, payable after 5 years semi-annual amortzation equivalent to 3.844.22 php. payable for 24 months

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