Question
Solve each of the following: 1. How much loan would Mr. Kamlon ask for, if he needs P2,500 cash which will be repaid in 1
Solve each of the following:
1. How much loan would Mr. Kamlon ask for, if he needs P2,500 cash which will be repaid in 1 year and 3 months with 5 4/5% simple discount?
2. Accumulate P5,800 for 4 years and 9 months at 6 3/8% simple discount?
3. Discount P6,400 for 5 years and 6 months at 5 7/8% simple discount?
4. Find the amount due on November 27,1990, if the present value on May 5, 1990 is P3,950 with a discount rate of 6 7/8%.
5. Find the amount due on November 27,1990, if the present value on May 5, 1990 is P3,950 with a discount rate of 6 7/8%.
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