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Discussion :: Engineering Economics

  1. A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.

    2. A.

     P 43,600.10
    B.

     P 43,489.47
    C.

     P 43,263.91
    D.

     P 43,763.20

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    Answer : Option D

    Explanation :

    Explanation Not Provided

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