Bob borrowed from Prudential Bank an amount payable at the end of 9 months. The proceeds of
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Question:
- Bob borrowed from Prudential Bank an amount payable at the end of 9 months. The proceeds of the loan were P58,000 discounted at 8%.
- Find the amount due on the maturity date.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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