BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pedro Masunurin wanted to purchase a car. The bank offered him a car loan amounting to ₱1, 500, 000 payable for 5 years at a simple interest rate of 8.2% per year. What is the maturity value of the loan?
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₱2, 292, 500.00
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₱2, 115, 000.00
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₱2, 194, 700.00
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₱2, 195, 800.00
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Explanation:
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