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Discussion :: Engineering Economics

  1. A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?

    2. A.

     9.01 %
    B.

     9.14 %
    C.

     9.31 %
    D.

     9.41 %

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    Answer : Option B

    Explanation :

    Explanation Not Provided

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