Vanessa Dela Cruz was granted a loan of P20,000 by her employer Aboitiz Equity Ventures with an interest rate of 6% for 180 days on the principal collected in advance. The company would accept a promissory note for P20,000 non- interest for 180 days. if discounted at once, find the proceeds of the note.

Vanessa Dela Cruz was granted a loan of P20,000 by her employer Aboitiz Equity Ventures with an interest rate of 6% for 180 days on the principal collected in advance. The company would accept a promissory note for P20,000 non- interest for 180 days. if discounted at once, find the proceeds of the note.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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