17. Walnut company received from a customer an 1-year, P200,000 note bearing annual interest of 8%. After holding the note for 8 months,Walnut discounted the note at a local bank at an effective rate...

17. Walnut company received from a customer an 1-year, P200,000 note bearing annual<br>interest of 8%. After holding the note for 8 months,Walnut discounted the note at a local<br>bank at an effective rate of 12%. What is the maturity value of the note?<br>a. 216,000<br>b. 169,500<br>c. 200,000<br>d. 226,000<br>

Extracted text: 17. Walnut company received from a customer an 1-year, P200,000 note bearing annual interest of 8%. After holding the note for 8 months,Walnut discounted the note at a local bank at an effective rate of 12%. What is the maturity value of the note? a. 216,000 b. 169,500 c. 200,000 d. 226,000

Jun 11, 2022

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17. Walnut company received from a customer an 1-year, P200,000 note bearing annual interest of 8%. After holding the note for 8 months,Walnut discounted the note at a local bank at an effective rate...

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