On her recent birthday on April 18, 2019, Lyn was given by her mother a certain amount of money as birthday present. She decides to invest the said amount on a 12% exact interest. If the investment will mature on Christmas day at the amount of PhP 15,000.00, how much did Lyn receive from her mother on her birthday?
On her recent birthday on April 18, 2019, Lyn was given by her mother a certain amount of money as birthday present. She decides to invest the said amount on a 12% exact interest. If the investment will mature on Christmas day at the amount of PhP 15,000.00, how much did Lyn receive from her mother on her birthday?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 15P: Greg died on July 1,2019 , and left Lea, his wife, a $45,000 life insurance policy which she elects...
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Transcribed Image Text:On her recent birthday on April 18, 2019, Lyn was given by her mother a certain amount of money as birthday present. She decides
to invest the said amount on a 12% exact interest. If the investment will mature on Christmas day at the amount of PhP 15,000.00,
how much did Lyn receive from her mother on her birthday?
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