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Mr. Pablo received his backpay from a work abroad and wanted to quit as an OFW.
He received P150 000.00. He plans to invest it for 5 years. An ABC bank offers him
with 2% simple interest rate per year while the UNION bank offers him 2%
compounded annually. If you were Mr. Pablo which offer will you choose and why?


Mr Pablo Received His Backpay From A Work Abroad And Wanted To Quit As An OFW He Received P150 00000 He Plans To Invest It For 5 Years An ABC Bank Offers Him Wi class=