1) Mike holds a P32,400 simple interest note at 12.5%, which is payable at the end of a year, from Carlo. If Mike decides to sell the note 5 months after the origin date, how much will he receive if the discount rate is 13.5%? Not use excel

1) Mike holds a P32,400 simple interest note at 12.5%, which is payable at the end of a year, from Carlo. If Mike decides to sell the note 5 months after the origin date, how much will he receive if the discount rate is 13.5%? Not use excel

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 15P

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