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Math

Answered

2. A consumer loan worth ₱80,000.00 is to be repaid in 12 months 8% convertible monthly. How much is the monthly payment?

Sagot :

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Answer:

6959.07

Step-by-step explanation:

loan ammount 80.000.00

interest 8%

interest ammount 8/00×80.000

=6400

total ammount=80,000÷ 6,400

=86,400

payment menthod

86,400/12

=6959.07

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