Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate for one year?
Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate for one year?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 31P
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- Ramon has a check work P90,000.00 which is dated 4 months from today. He really needed the money today. So he went to Juancho, who offered to give the former P89,000.00 for the indorsement of the check to Juancho. How much is the Interest rate for one year?
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