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?
A. 9.01 %
B. 9.14 %
C. 9.31 %
D. 9.41 %
Answer: Option B
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B. Money is borrowed for n = 7 years
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D. Neither (A) nor (B)
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B. Entrepreneurship
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A. P 43,600.10
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C. P 43,263.91
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B. Construction manager
C. Owner himself/herself
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