Question 4Giovanna gave a note amounting toPhp15,000 to Alessandro on October 12, 2011which matures after 2 months with a simple interestrate of 15%. Alessandro decides to sell the note toEnrique on November 15, 2011. What is the futurevalue of the note in 2 months? What will be theproceeds of the note if Enrique charges 16%discount interest?The future value of the note in 2 months isPhp15,375 and the proceeds of the note isPhp15,193.03.The future value of the note in 2 months isPhp16,400 and the proceeds of the note isPhp16,220.27.The future value of the note in 2 months isPhp15,209.59 and the proceeds of the note is15,029.58.The future value of the note in 2 months isPhp16,236.71 and the proceeds of the note isPhp16,058.77.니

Given Information: Present Value: Php15,000 Rate: 15% Number of months: 2 Future value: ? Note of…

Answered: Giovanna gave a note amounting to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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