Question: Dear tutors can someone help me with this problems? 1. Moses wishes to receive P10,000 payable in two years. What sum should be borrowed if

Dear tutors can someone help me with this problems?

1. Moses wishes to receive P10,000 payable in two years. What sum should be borrowed if discount rate is 17%? 2. On Dec 16, 1998, Mr. Bartolo applied a P50,000 loan. After deducting the interest in advance, he received P48,000. If the loan was to be repaid at the end of 6 months, at what rate was the interest charged? 3. Ms. Cruz borrowed P20,000 from a bank which charges a discount rate of 15 3/4% for 4 years. How much would Ms. Cruz[[[ receive from the bank? 4. [[For a loan of P30,000, Ms. Tatlonghari receives P23,000. If the discount rate charged is 8%, when is the loan due

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Dear tutors can someone help me with this problems?. 1. Moses wishes to receive P10,000 payable in two years. What sum should be borrowed if discount rate is 17%? 2. On Dec 16, 1998, Mr. Bartolo...

Fromthecasestudy: 1)CreateanargumentfortheuseofprinciplesbasedaccountingforleasesoverrulesbasedaccountingunderGAAP,basedonthefinancialstatement...

From the case study, create an argument for the use of principles-based accounting for leases over rules-based accounting under GAAP, based on the financial statement restatements in the restaurant...

i am taking Cooperate finance which is FIN222 can help me to answer.. ? Tutorial 1 Topic 1 Chapter 1 4. What are the main advantages and disadvantages of organising a firm as a corporation? 6. You...

Hello there Tutors, I was wondering if anyone can please read through the case study and answer question 1 and 2 at the back. That is what is the WACC and the divisional WACC for detergent. I really...

g pls help True view Ltd. a group of companies controlled from the United Kingdom includes subsidiaries in India, Malaysia and the United States. As per the CFO's forecast that , at the end of the...

hello tutors can someone help with question 2 and 3 please? Thank you Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10- K (Mark one) ANNUAL REPORT...

Calculate the future value of $5000 invested for 5 years at a 12% annual rate of interest with monthly compounding.

solve using APPLICATION OF LAPLACE TRANSFORM TO DIFFERENTIAL EQUATIONS y" + 9y= 18t; y(0) = 0, y'(T/2) = 0.

The term Chicano refers to All of the above a proud Mexica descendant a Puerto Rican immigrant a newly affluent Latino immigrant

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...