Civil Engineering Mcqs

A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due ?

(A)  P 3,260.34

(B)  P 3,280.34

(C)  P 3,270.34

(D)  P 3,250.34

Submitted By :Ali Uppal

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