If an Ocampo Corporation issues P50 million of commercial paper with a maturity of 6 months at

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If an Ocampo Corporation issues P50 million of commercial paper with a maturity of 6 months at an annual interest rate of 7.5%, ignoring other charges other than the interest being deducted, what is the annual effective interest rate?

a. 3.75%

b. 7.79%

c. 3.90%

d. 7.50%

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Nov 04, 2020 10:31 PM

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If an Ocampo Corporation issues P50 million of commercial paper with a maturity of 6 months at

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Engineering Economy

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