IDNLearn.com is designed to help you find reliable answers to any question you have. Ask any question and get a thorough, accurate answer from our community of experienced professionals.

An employee obtained a loan of P100,000 at the rate of 6% compounded annually in order to build a house. How much must he pay monthly to amortize the loan within a period of 10 years?
Select the correct response:
- P3452.90
- P1101.80.
- P2594.04
- P8322.07