Draw a Cash Flow Diagram for P10,535 being loaned out at an interest rate of 12% per year over a period of 6 years. How much simple interest would be repaid as a lump-sum amount at the end of the sixth year?
Draw a Cash Flow Diagram for P10,535 being loaned out at an interest rate of 12% per year over a period of 6 years. How much simple interest would be repaid as a lump-sum amount at the end of the sixth year?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 41P
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Draw a Cash Flow Diagram for P10,535 being loaned out at an interest rate of 12% per year over a period of 6 years. How much simple interest would be repaid as a lump-sum amount at the end of the sixth year?
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