Exercise 2: 1. An investment amounting to P300,000 has an annual interest of 4%. How much discount will you get for paying the loan in 8 months? How much is the proceeds? 2. If you applied for a time deposit with an amount of P60,000 and an annual interest rate of 5%, the bank will give you a discount of P5,000. How long did the money stay at the bank? 1. Calculate the amount borrowed in a lending company with discount of P630 at annual interest rate of 4.2% paid in 9mos.

Exercise 2: 1. An investment amounting to P300,000 has an annual interest of 4%. How much discount will you get for paying the loan in 8 months? How much is the proceeds? 2. If you applied for a time deposit with an amount of P60,000 and an annual interest rate of 5%, the bank will give you a discount of P5,000. How long did the money stay at the bank? 1. Calculate the amount borrowed in a lending company with discount of P630 at annual interest rate of 4.2% paid in 9mos.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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