1. A note of P 55,000 dated January 1, 2015 is due in 5 years and 6 months with interest at 9% compounded quarterly. On July 1, 2017, the holder of the note has it discounted by a lender who charges 8...

1. A note of P 55,000 dated January 1, 2015 is due in 5<br>years and 6 months with interest at 9% compounded<br>quarterly. On July 1, 2017, the holder of the note has it<br>discounted by a lender who charges 8 ½ % converted<br>semi-annually. What are the proceeds?<br>

Extracted text: 1. A note of P 55,000 dated January 1, 2015 is due in 5 years and 6 months with interest at 9% compounded quarterly. On July 1, 2017, the holder of the note has it discounted by a lender who charges 8 ½ % converted semi-annually. What are the proceeds?

Jun 10, 2022

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1. A note of P 55,000 dated January 1, 2015 is due in 5 years and 6 months with interest at 9% compounded quarterly. On July 1, 2017, the holder of the note has it discounted by a lender who charges 8...

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