Boycidn
Answered

Makahanap ng mabilis na mga solusyon sa iyong mga problema sa IDNStudy.com. Magtanong at makakuha ng detalyadong sagot mula sa aming komunidad ng mga eksperto na may kaalaman.

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​

Sagot :

Given:

n = 8 years

i = 7% compounded annually

P = Php 20,000.00

Solution:

[tex]F = P {(1 + i)}^{n} [/tex]

[tex]F = 20000 {(1 + 0.07)}^{8} [/tex]

F = Php 34,363.72