A lending institution granted your friend a 5-year, ₱60,000.00 at 12% interest per annum loan, to be paid every year with a fixed single amount. The Present Value of Annuity is 3.6048. Your friend asked you to determine what is the amount of fixed payment for every period. Show your computation.
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Answer:
5 year $ 60.012.00 Ayan po yung sagot ko