1. Compute the interest and the maturity value of a Php 9,000 loan at a 6% annual interest rate for 4 years.
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1. Compute the interest and the maturity value of a Php 9,000 loan at a 6% annual interest rate for 4 years.
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Answer:
You would need to deposit $7007.08 to have $12000 in 6 years.
Step-by-step explanation: