Pasco Co. borrowed Php20,000 at a rate of 7.25% p.a., simple interest, with interest paid at the end of each month.  The bank uses a 360-day year.  How much interest would Pasco have to pay in a 30-day month? A. Php120.83 B. Php126.88 C. Php133.22 D. Php139.88 E. Php146.87

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A: The question is based on the concept of Annuity.

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Q: of 12% per

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A: In order to find the outstanding balance one has to deduct the payment from the loan amount.

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Q: months. What is t

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Q: what percentage of the outstanding principal does the company pay in interest each​ month?

A: The correct answer is E) 0.66%

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A: First 4 payments - R2000 5 payment          - R5000 Money worth - 6.85%

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.