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If money's worth is 7% today and you are looking for a property worth P1M. How much is the discount when it was sold
If money's worth is 7% today and you are looking for a property worth P1M. How much is the discount when it was sold to you, after 8 months, for only $975,000.00. What was the rate of discount? the rate interest? Answer: D= (Answer is not provided; when you got d and r correctly, it follows that your answer is correct) d = 6.8% ; r = 7.3%
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
