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Ms. Jen borrowed P2,000 from a bank and agreed to pay the loan at the end of 6 months. The bank discounted her and give
Ms. Jen borrowed P2,000 from a bank and agreed to pay the loan at the end of 6 months. The bank discounted her and give her P1,900 in cash. Determine the following: b. discount rate c. At 12% discount, find the present worth of (a) P1,000 due in 1 yr from today, and (b) P1,000 due in 6 months. a. interest rate (Ans. (a) 11.76%, (b) 10.52%, (c) P880, P936.15
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Contemporary Labor Economics
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
11th Edition
1259290602, 1259290603, 978-1259290602
