Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? A Ordinary Interest at Actual Time B Exact Interest at Actual Time Ordinary Interest at Approximate Time D Exact Interest at Approximate Time

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
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Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20,
2020.?
A Ordinary Interest at Actual Time
(B) Exact Interest at Actual Time
Ordinary Interest at Approximate Time
D Exact Interest at Approximate Time
Transcribed Image Text:Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? A Ordinary Interest at Actual Time (B) Exact Interest at Actual Time Ordinary Interest at Approximate Time D Exact Interest at Approximate Time
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