(Refer to this word problem The accumulated value of a 3-month loan of P5,000 is P5,085.' Accumulated value (express the answer in this form: Php _e.g. Php1,000) Your answer Principal amount (express the answer in this form: Php Php1,000) e.g. Your answer

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...
icon
Related questions
Question

ANSWER ASAP THE SUBQUESTIONS

interest rate=6.8%

(Refer to this word problem
The accumulated value of a 3-month
loan of P5,000 is P5,085.'
Accumulated value (express the answer in this form: Php
Php1,000)
e.g.
Your answer
. Principal amount (express the answer in this form: Php
e.g.
Php1,000)
Your answer
Transcribed Image Text:(Refer to this word problem The accumulated value of a 3-month loan of P5,000 is P5,085.' Accumulated value (express the answer in this form: Php Php1,000) e.g. Your answer . Principal amount (express the answer in this form: Php e.g. Php1,000) Your answer
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Sales Tax, Restaurant Tax and Lodging Taxes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College