If P12,000 is the present value of P12,600 due at the end of 9 months, then the annual simple discount rate is?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EA: How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one...
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If P12,000 is the present value of
P12,600 due at the end of 9
months, then the annual simple
discount rate is?
Transcribed Image Text:If P12,000 is the present value of P12,600 due at the end of 9 months, then the annual simple discount rate is?
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