Mr Chaves obtained P6,000,000 mortgage to purchase a house. The mortgage will be repaid for 20 years at 8% per annum compounded semi-Annually. How much is the interest paid on the first payent?
A. P140,000
B. P240,000
C. P340,000
D. P540,000
A. P140,000
B. P240,000
C. P340,000
D. P540,000
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Answer:
B. po answer
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