43. Ms. Perez borrowed money as capital for her business. She plans to pay back her lender by paying Php 5000 at the beginning of each month for the next 5 years at an interest rate of 10 % compounded...


43. Ms. Perez borrowed money as capital for her business. She plans to<br>pay back her lender by paying Php 5000 at the beginning of each month<br>for the next 5 years at an interest rate of 10 % compounded monthly. How<br>much can she borrow at this rate?<br>O a. Php 342660.9<br>O b. Php 237287.90<br>O c. Php 250345.9<br>O d. Php 273920.9<br>O e. None of the above<br>

Extracted text: 43. Ms. Perez borrowed money as capital for her business. She plans to pay back her lender by paying Php 5000 at the beginning of each month for the next 5 years at an interest rate of 10 % compounded monthly. How much can she borrow at this rate? O a. Php 342660.9 O b. Php 237287.90 O c. Php 250345.9 O d. Php 273920.9 O e. None of the above

Jun 09, 2022
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