_A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.$?

_A man loans P 187,400 from a bank with interest at 5% compounded annu

1.	_A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.$?
A.	P 43,600.10
B.	P 43,489.47
C.	P 43,263.91
D.	P 43,763.20
Answer» E.

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_A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.$?

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