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The P100, 000 cost of an equipment was made available through a loan which earns 12% per annum. if the loan will be ρáíd in 10 equal payments, how much is the annual installment?
A man wishes to purchase a set of appliances with a total cost of P20, 000. He made a down payment of P5, 000 and the balance payable in 24 equal monthly installments, interest is 12%. How much would each installment payment be?
A father wishes to provide P40, 000 for his son on his 21st birthday. How much should he deposit every 6 months in a savings bank which pays 3% compounded semi-annually, if the first deposit is made when the son is 3 ½ years old?
An investor deposits P1, 000 per month in a bank which offers at interest of 18% per month for time deposits over 5 years. Compute how much the investor can collect at the end of 15 years assuming that he never wí†hdráws any amount before the 15th year.
A house ad lot was offered for P87, 000 with a 10% down payment and a monthly payment of P500 per month for 15 years. What is the monthly interest rate and the effective rate?




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