Question: Solve the following. Show your solution on a separate sheet of paper. (3 points each) 7. If P 25 000 is the present value of

Solve the following. Show your solution on a separate sheet of

Solve the following. Show your solution on a separate sheet of paper. (3 points each) 7. If P 25 000 is the present value of P 30 500 due at the end of 16 months, find the discount rate. Answer: 8. Mary needs P 100 000 on June 12, 2018, and will settle the loan on February 12, 2019. What is the size of the loan she should borrow from Mr. Sotto who charges 5% discount rate? Answer: 9. Find the amount due on December 5, 2019, if the present value on October 5, 2019 is P 50 000 at 4% simple discount

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