2. Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will provide the P70,000 in proceeds if she plans to repay the note in 180 days and the bank charges a 12 % discount rate.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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2. Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will provide the P70,000 in proceeds if she plans to repay the note in 180 days and the bank charges a 12 % discount rate.
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