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miss karen wants to starta bamboo furniture business and she needs 50,000.00 pesos as a starting capital. PACCI offers 3% interest rate per annum in a period of 24 months. While OCCCI offers 1.25% interest rate compounded quarterly in a period of 24 months.

A. Compute for the interests and maturity values of the two cooperative banks.

B. Using situation 1, which bank is more favorable? Why?

Sagot :

Nellay00ngo Nellay00ngo

Answer:

A. computer for the interest and maturity values of The two cooperative banks.

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