PLEASE TYPE IT AND NOT HANDWRITTEN Mrs. Florentina Manayam wants to borrow P92,500 to buy a hand tractor that will be used on her farm. A local bank approved her loan payable in 3 years and 9 months. If the local bank charges 9.5% interest in advance, what is the amount of loan that Mrs. Manayam must apply for?

PLEASE TYPE IT AND NOT HANDWRITTEN Mrs. Florentina Manayam wants to borrow P92,500 to buy a hand tractor that will be used on her farm. A local bank approved her loan payable in 3 years and 9 months. If the local bank charges 9.5% interest in advance, what is the amount of loan that Mrs. Manayam must apply for?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 57P

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