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Discussion :: Engineering Economics

  1. A young engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years. What does he have to pay at the end of the fifth year in order to pay off his loan?

    2. A.

     P 6,999.39
    B.

     P 6,292.93
    C.

     P 6,222.39
    D.

     P 6,922.93

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    Answer : Option D

    Explanation :

    Explanation Not Provided

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