Question: Directions: Solve the given problem. (25 points.) 1. A private school teacher plans to apply for a housing loan in the Home Mutual Development Fund

Directions: Solve the given problem. (25 points.) 1. A private school

Directions: Solve the given problem. (25 points.) 1. A private school teacher plans to apply for a housing loan in the Home Mutual Development Fund or Pag-ibig. It offers her a loan amounting to P1,500,000.00, considering all the rules and regulations regarding the policy with 6.5% interest per annum payable within 15 years. Compare the maturity value if interest will be paid using simple interest and/or compound interest compounded yearly. Please use the model table shown in this module to compute and compare the interest

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