A widower was granted a loan of P20,000 by her employer with an interest of 6% for 3 months. The company would accept a promissory note for P20000 non-interest for 180 days. If discounted at once, find the proceeds of the note.
A widower was granted a loan of P20,000 by her employer with an interest of 6% for 3 months. The company would accept a promissory note for P20000 non-interest for 180 days. If discounted at once, find the proceeds of the note.
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1EA: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest...
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A widower was granted a loan of P20,000 by her employer with an interest of 6% for 3 months. The company would accept a promissory note for P20000 non-interest for 180 days. If discounted at once, find the proceeds of the note.
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