Question: Direction: Solve the following problems. (3 items x 10 points) 1. Lindsay borrowed P120,000 in a bank for a year. If she paid P139,290.54 on

Direction: Solve the following problems. (3 items x 10 points) 1. Lindsay borrowed P120,000 in a bank for a year. If she paid P139,290.54 on the maturity date, at what rate of interest, compounded monthly, did she pay? 2. How many years are needed for the loan to mature from P100,000 to P250,000 at the quarterly interest rate of 7%? 3. Suppose an investment of P100,000 was made, and it matured to P104,070.70 after eight (8) compounding periods at 2% interest. How many compounding periods were there in a year

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