A loan of P5,000 is made for a period of 15 months, at a simple interest rate of , what future amount is due at the end of the loan period?

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
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2. A loan of P5,000 is made for a period of 15 months, at a simple interest rate of
15%, what future amount is due at the end of the loan period?
Transcribed Image Text:2. A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period?
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