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Clouiedelosreyes9go
Answered

Questions:

1. What are the factors that Miguel can consider in choosing the terms of his

loan?

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2. What are the differences between the two terms of loans?

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3. How much interest will a ₱ 50,000.00 loan at 1.15% yield? How much is the

interest of ₱ 50,000.00 loan at 1.25%?

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4. If you were Miguel, which between the two terms will you choose? Why?

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Sagot :

KylerDt17go

Answer:

1. The factors that miguel can consider in choosing a loan are compound for 3 weeks and the initial loan.

2. The differences between the two terms of loan is the first offer is compound semi-annually and the second offer is compound annually.

3. The interest in Php 50,000 loan at 1.15% is Php 124,999

The interest in Php 50,000 loan at 1.25% is Php 189,854

4. If I were Miguel, I will choose the first offer/option A because if we will compare the two the option A offers the low interest than the option B.

Step-by-step explanation:

C

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