Question: Mark holds a Php32,400 simple interest note at 12.5%, which is payable at the end of a year, from Timothy. If Mark decides to sell

Mark holds a Php32,400 simple interest note at 12.5%, which is payable at the end of a year, from Timothy. If Mark decides to sell the note 5 months after the origin date, how much will he receive if the discount rate is 13.5%?

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