4. Jackal promises to pay P1,000 at the end of 6 months in obtaining a loan from a banker B who charges 6% interest in advance. Find the rate at which Jackal pays interest on his loan. Answer in four (4) decimal places or in percentage. 5. Alfred desires P9,000 as the proceeds of a 90-day loan from B who charges SN Interest in advance. What sum will Alfred pay at the end of 90 days? Answer in two (2) decimal places.
4. Jackal promises to pay P1,000 at the end of 6 months in obtaining a loan from a banker B who charges 6% interest in advance. Find the rate at which Jackal pays interest on his loan. Answer in four (4) decimal places or in percentage. 5. Alfred desires P9,000 as the proceeds of a 90-day loan from B who charges SN Interest in advance. What sum will Alfred pay at the end of 90 days? Answer in two (2) decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:4. Jackal promises to pay P1,000 at the end of 6 months in obtaining a loan from a banker B who
charges 6% interest in advance. Find the rate at which Jackal pays interest on his loan. Answer in
four (4) decimal places or in percentage.
5. Alfred desires P9,000 as the proceeds of a 90-day loan from B who charges SN Interest in advance.
What sum will Alfred pay at the end of 90 days? Answer in two (2) decimal places.
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