Question: Suppose a company accepts a 90day, 9%, P5,000 note from a customer. The company holds the note for 60 days before discounting it at the

Suppose a company accepts a 90‐day, 9%, P5,000 note from a customer. The company holds the note for 60 days before discounting it at the bank at 15%.



How much cash would the company receive as a result of the discounting?

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