Question: Suppose you signed into an 8-year loan which is compounded annually at 7%. How much will you pay if you borrowed Php 20,000.00. 2.

Suppose you signed into an 8-year loan which is compounded annually at

Suppose you signed into an 8-year loan which is compounded annually at 7%. How much will you pay if you borrowed Php 20,000.00. 2. You borrowed Php 80,000.00. This has an interest rate of 4% compounded monthly. How much will you pay after 6 years?

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