_4. Mr. Dela Cruz loans 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years....

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_4. Mr. Dela Cruz loans 187,400 from a bank with interest at 5% compounded annually.<br>He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of<br>10 years. Find the annual payments.<br>A. 44, 982.04<br>B. 56,143.03<br>C. 62, 334.62<br>D. 38, 236.04<br>

Extracted text: _4. Mr. Dela Cruz loans 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments. A. 44, 982.04 B. 56,143.03 C. 62, 334.62 D. 38, 236.04

Jun 09, 2022

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_4. Mr. Dela Cruz loans 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years....

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