Solution: (1 + i)k – 1' OBR = P(1+i)k – A i

Solve using given formula? Solution:<br>(1 + i)k – 1'<br>OBR = P(1+i)k – A<br>i<br>

Extracted text: Solution: (1 + i)k – 1' OBR = P(1+i)k – A i

Instructions: Solve the following problems using the formula above.<br>AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company<br>repays the loan by paying P400, 000 every 6 months. What is the outstanding principal after the 10th<br>payment?<br>

Extracted text: Instructions: Solve the following problems using the formula above. AB PC Supplies obtains a P5M bank loan at 8% interest compounded semi-annually. The company repays the loan by paying P400, 000 every 6 months. What is the outstanding principal after the 10th payment?

Jun 10, 2022

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Solution: (1 + i)k – 1' OBR = P(1+i)k – A i

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