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Mr. Baltazar borrowed P1,500,000 for his expansion of his business. The loan is charged with an interest rate of 7.5% per annum for 3 years. If the payment is made annually, how much is the yearly payment? (SHOW SOLUTION)..
Mr. Baltazar borrowed P1,500,000 for his expansion of his business. The loan is charged with an interest rate of 7.5% per annum for 3 years. If the payment is made annually, how much is the yearly payment? (SHOW SOLUTION)..
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Answer:
P 576806.44
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