Determine the exact simple interest and future worth of P1,500,000 invested for the period from March 16, 2020 to February 28, 2022, if the rate of interest is 13%. Exact simple interest: Future Worth :

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...
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Determine the exact simple interest and future worth
of P1,500,000 invested for the period from March 16,
2020 to February 28, 2022, if the rate of interest is
13%.
Exact simple interest:
Future Worth :
Transcribed Image Text:Determine the exact simple interest and future worth of P1,500,000 invested for the period from March 16, 2020 to February 28, 2022, if the rate of interest is 13%. Exact simple interest: Future Worth :
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