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Exercise 4: Angelo is paying P2,500 every 3 months for the amount he
borrowed at an interest rate of 8% compounded quarterly. How much did he
borrow if he agreed to that the loan will be paid in 2 years and 6 months?​

Sagot :

JUNIODLAREJGO

Step-by-step explanation:

4 paying in years (every 3months did angelo to pay

in 2years and 6 months = 10 paying in 2years and 6 months ..

therefore 10 months × 2500pesos

= 25,000 pesos total of money did angelo back together with the interest 8% quarterly

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