How to solve this problem the four methods was first ordinary interest for actual time, second ordinary interest for approximate time, third exact interest for actual time, fourth was exact interest for approximate time Explain it correctly
How to solve this problem the four methods was first ordinary interest for actual time, second ordinary interest for approximate time, third exact interest for actual time, fourth was exact interest for approximate time Explain it correctly
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter13: Corporations: Earning & Profits And Distributions
Section: Chapter Questions
Problem 7BCRQ
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Q) How to solve this problem the four methods was first ordinary interest for actual time, second ordinary interest for approximate time, third exact interest for actual time, fourth was exact interest for approximate time
Explain it correctly
Transcribed Image Text:1. Find the interest on P45,500 at 5 3/7% from January 17,1997 to November 26, 1997 using the four methods.
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