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02-06-2023
Business

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Mata's 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 3,280.34 b P 3,270.34 c P 3,260.34 d P 3,250.34

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