Question 29 A loan of Php20,000 is expected to yield a compound amount of Php45,000 at...
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Question 29 A loan of Php20,000 is expected to yield a compound amount of Php45,000 at a nominal rate of 9%. Assume that the loan will be compounded every 6 months. What is the time of the loan? 08.68 years Question 29 A loan of Php20,000 is expected to yield a compound amount of Php45,000 at a nominal rate of 9%. Assume that the loan will be compounded every 6 months. What is the time of the loan? 08.68 years
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