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An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the loan is 180 days.

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 25E

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.An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the loan is 180 days.

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