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5. Roth Company received from a customer a one-year, P500,000 note bearing annual interest rate of 8%. After holding the note for six months, Roth
5. Roth Company received from a customer a one-year, P500,000 note bearing annual interest rate of 8%. After holding the note for six months, Roth discounted the note at Regional Bank at an effective interest rate of 10%, What amount of cash did Roth receive from the bank?*
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The Craft Of Auditing For Accounting Undergraduates
Authors: Eldar Maksymov
1st Edition
1516589890, 9781516589890
