What is the interest paid by Victor on Php 35,000.00 that he borrowed for 2 years at 15% simple interest.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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What is the interest paid by Victor on Php 35,000.00 that he borrowed for 2 years at 15% simple interest.

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