ABC would need cash of P5,000,000. Several banks offered different loan conditions. One of the loans has

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ABC would need cash of P5,000,000. Several banks offered different loan conditions. One of the loans has a term of 6 months, interest of 5%, and compensating balance of P50,000

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How much should the face value of the loan be?

How much is the simple effective annual interest?

Posted Date: Sep 15, 2021 09:14 PM

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ABC would need cash of P5,000,000. Several banks offered different loan conditions. One of the loans has

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