PROBLEM SOLVING
Mr. Baltazar borrowed P1,500,000 for his expansion of his business. The loan is charged with an interest rate of 7.5% per annum for 3 years. If the payment is made annually, how much is the yearly payment? (SHOW SOLUTION)..
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PROBLEM SOLVING
Mr. Baltazar borrowed P1,500,000 for his expansion of his business. The loan is charged with an interest rate of 7.5% per annum for 3 years. If the payment is made annually, how much is the yearly payment? (SHOW SOLUTION)..
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d̳i̳d̳ y̳o̳u̳ g̳e̳t̳ i̳t̳?
Answer:
P 576806.44
Hope it ehlps