Exercise 2: 1. An investment amounting to P300,000 has an annual interest of 4%. How much discount will you get for paying the loan in 8 months? How much is the proceeds? 2. If you applied for a time deposit with an amount of P60,000 and an annual interest rate of 5%, the bank will give you a discount of P5,000. How long did the money stay at the bank? 1. Calculate the amount borrowed in a lending company with discount of P630 at annual interest rate of 4.2% paid in 9mos.

Exercise 2: 1. An investment amounting to P300,000 has an annual interest of 4%. How much discount will you get for paying the loan in 8 months? How much is the proceeds? 2. If you applied for a time deposit with an amount of P60,000 and an annual interest rate of 5%, the bank will give you a discount of P5,000. How long did the money stay at the bank? 1. Calculate the amount borrowed in a lending company with discount of P630 at annual interest rate of 4.2% paid in 9mos.

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

Problem 1PS

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