Question: Is my solution correct? Jolo holds a P 32,000 simple interest note at 12%, which is payable at the end of a year, from Cecilia.

Is my solution correct?

Jolo holds a P32,000 simple interest note at 12%, which is payable at the end of a year, from Cecilia. If Jolo decides to sell the note 5 months after the origin date, how much will he receive if the discount interest rate is 14%?

Is my solution correct? Jolo holds a P32,000 simple interest note at

Thank you!

P - 32000 r=1290->.12 d = 14%7.14 d t 1 gr F = P(lirt) = 32000(1+(-12)(1)] 32000 (1.(2) - 35840 discount period 12 months -8 months I months Id = Ftd - 35840 (V)(:14) 2926.933333 Pi-F-ld 35840-2906.933333 32913.0666 32913.07 Php

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