Finance
Mr. Garcia borrowed P1,000,000 for the expansion of his business. The effective rate of interest is 7%. The loan is to be repaid in full after one year. How much is to be paid after one year?
Finance

Mr. Garcia borrowed P1,000,000 for the expansion of his business. The effective rate of interest is 7%. The loan is to be repaid in full after one year. How much is to be paid after one year?

Mr. Garcia borrowed P1,000,000 for the expansion of his business. The effective rate of interest is 7%. The loan is to be repaid in full after one ye…
What is the future value of $1,500 invested at a 5% rate for 7 years?
Finance

What is the future value of $1,500 invested at a 5% rate for 7 years?

What is the future value of $1,500 invested at a 5% rate for 7 years? Solution:
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