An obligation of P31,300 is due on April 16, 2013. What is the value of this obligation on December 16, 2009 at 18% compounded bimonthly? Solution:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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this is a compound interest problem. do this typewritten, please. I will upvote. thank you. no upvote for handwritten

An obligation of P31,300 is due on April 16, 2013. What is the value of
this obligation on December 16, 2009 at 18% compounded bimonthly?
Solution:
Transcribed Image Text:An obligation of P31,300 is due on April 16, 2013. What is the value of this obligation on December 16, 2009 at 18% compounded bimonthly? Solution:
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