Reya paid Php 9,250 on a loan made 6 months before at 12% simple interest. Find the interest generated. What is the rate of interest? What is the future value? What is the term of the loan? What is the principal in
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Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Reya paid Php 9,250 on a loan made 6 months before at 12% simple interest.
Find the interest generated.
What is the rate of interest?
What is the
What is the term of the loan?
What is the principal in the problem?
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