ow much should Mark pay to Michele if he borrowed Php 10,000 on June 25, 2015 and if the principal and interest are to be paid on November 18, 2015 at 15% simple interest per year? Use the following time factors. a. Bankers Rule; b. Exact Simple Interest c. approximate 360 d. Approximate 365

ow much should Mark pay to Michele if he borrowed Php 10,000 on June 25, 2015 and if the principal and interest are to be paid on November 18, 2015 at 15% simple interest per year? Use the following time factors. a. Bankers Rule; b. Exact Simple Interest c. approximate 360 d. Approximate 365

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

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How much should Mark pay to Michele if he borrowed Php 10,000 on June 25, 2015 and if the principal and interest are to be paid on November 18, 2015 at 15% simple interest per year? Use the following time factors. a. Bankers Rule; b. Exact Simple Interest c. approximate 360 d. Approximate 365

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