9) Ryan McPherson borrowed P3,500 on June 15 at 11% interest. If the loan was due on October 9, what was the amount of interest and the maturity value on Ryan's loan? (Use exact interest method) 10) What is the maturity date of a loan taken out on April 14 for 85 days? 1) On April 12, Michelle Lizaro borrowed P5,000 from her credit union at 9% for 800 days. The credit union uses me ordinary interest method. How much is the maturity value?
9) Ryan McPherson borrowed P3,500 on June 15 at 11% interest. If the loan was due on October 9, what was the amount of interest and the maturity value on Ryan's loan? (Use exact interest method) 10) What is the maturity date of a loan taken out on April 14 for 85 days? 1) On April 12, Michelle Lizaro borrowed P5,000 from her credit union at 9% for 800 days. The credit union uses me ordinary interest method. How much is the maturity value?
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:9) Ryan McPherson borrowed P3,500 on June 15 at 11% interest. If the loan was due on October 9, what was the
amount of interest and the maturity value on Ryan's loan? (Use exact interest method)
10) What is the maturity date of a loan taken out on April 14 for 85 days?
1) On April 12, Michelle Lizaro borrowed P5,000 from her credit union at 9% for 800 days. The credit union uses
he ordinary interest method. How much is the maturity value?
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