How many years will the borrower pay a loan if at the end of each month he will pay ₱ 850.00 to accumulate ₱4 0,000 if the interest rate is earned at 10% compounded monthly? Show Solution 1.)...

How many years will the borrower pay a loan if at the end of each month he will pay
₱850.00 to accumulate
₱40,000 if the interest rate is earned at 10% compounded monthly? Show Solution

1.) determine the number of years

A.) 2 years

B.) 3 years

C.) 4 years

D.) 5 years