1. A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly. How much should the annual payments be if the first payment is made on the 3rd year and the last...

1.<br>A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly. How much should<br>the annual payments be if the first payment is made on the 3rd year and the last on the 10th year? Show the cash show<br>diagram?<br>

Extracted text: 1. A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly. How much should the annual payments be if the first payment is made on the 3rd year and the last on the 10th year? Show the cash show diagram?

Jun 09, 2022

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1. A one million peso loan is to be paid annually at an interest rate of 8.00% pa compounded monthly. How much should the annual payments be if the first payment is made on the 3rd year and the last...

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