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Tadashi Hamada was granted a loan of P 20,000.00 by a Machine-Intelegent Lending Company and Human Robotics Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P 20,000 non-interest for P180 days. If discounted at once, find the proceeds of the note.* O P18,800 O P20,600 O P18,600 O P19,400

Tadashi Hamada was granted a loan of P 20,000.00 by a Machine-Intelegent Lending Company and Human Robotics Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P 20,000 non-interest for P180 days. If discounted at once, find the proceeds of the note.* O P18,800 O P20,600 O P18,600 O P19,400

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Tadashi Hamada was granted a loan of P 20,000.00 by a Machine-Intelegent Lending Company and Human Robotics Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P 20,000 non-interest for P180 days. If discounted at once, find the proceeds of the note.* O P18,800 O P20,600 O P18,600 O P19,400
Transcribed Image Text:Tadashi Hamada was granted a loan of P 20,000.00 by a Machine-Intelegent Lending Company and Human Robotics Corporation with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P 20,000 non-interest for P180 days. If discounted at once, find the proceeds of the note.* O P18,800 O P20,600 O P18,600 O P19,400
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