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Discussion :: Engineering Economics

  1. A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due?

    2. A.

     P 3,260.34
    B.

     P 3,280.34
    C.

     P 3,270.34
    D.

     P 3,250.34

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    Answer : Option A

    Explanation :

    Explanation Not Provided

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