Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F = P 14 000, d = 8% and t= 9 months. 3. Discount (or find the present value of) P 20 000 for 150 days at a discount rate of 7%. 4. Accumulate P 50 000 for 3 years and 9 months at 7 %% simple discount. 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%? 6. ABC bank charges 10 %% for discounting loans. If Aldrin agrees to repay P 55 000 after 7 months, how much does he receive now?
Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F = P 14 000, d = 8% and t= 9 months. 3. Discount (or find the present value of) P 20 000 for 150 days at a discount rate of 7%. 4. Accumulate P 50 000 for 3 years and 9 months at 7 %% simple discount. 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%? 6. ABC bank charges 10 %% for discounting loans. If Aldrin agrees to repay P 55 000 after 7 months, how much does he receive now?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 29E
Related questions
Question
Compute for SIMPLE DISCOUNT.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781285065137
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
PFIN (with PFIN Online, 1 term (6 months) Printed…
Finance
ISBN:
9781337117005
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781285065137
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781305635937
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781285867977
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning