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5. ABC bank granted JUAN to loan an amount of P350,000 payable for 4
years at 5% interest. How much does he pay on the due date?​

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Answer:

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5. ABC bank granted JUAN to loan an amount of P350,000 payable for 4 years at 5% interest. How much does he pay on the due date?

PHP 70,000

Step-by-step explanation:

350,000 x 4 =1,400,000

1,400,000 x 5%= 70,000

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