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…

Giovanna gave a note amounting to Php15,000 to Alessandro on October 12, 2011 which matures after 2 months with a simple interest rate of 15%. Alessandro decides to sell the note to Enrique on November 15, 2011. What is the future value of the note in 2 months? What will be the proceeds of the note if Enrique charges 16% discount interest?

Giovanna gave a note amounting to Php15,000 to Alessandro on October 12, 2011 which matures after 2 months with a simple interest rate of 15%. Alessandro decides to sell the note to Enrique on November 15, 2011. What is the future value of the note in 2 months? What will be the proceeds of the note if Enrique charges 16% discount interest?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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