Compute the amount or maturity value of a note at the end of 3 years, if the principal or face value is $80,000 and the interest rate is 6% compounded semi-annually. a. Php 95645.18 b. Php 97233.18 c. Php 95524.18 d. Php 96322.18 Oa O O C O d

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...
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Compute the amount or maturity value of a note at the end of 3
years, if the principal or face value is $80,000 and the interest
rate is 6% compounded semi-annually.
a. Php 95645.18
b. Php 97233.18
c. Php 95524.18
d. Php 96322.18
O a
O b
O C
d
Transcribed Image Text:Compute the amount or maturity value of a note at the end of 3 years, if the principal or face value is $80,000 and the interest rate is 6% compounded semi-annually. a. Php 95645.18 b. Php 97233.18 c. Php 95524.18 d. Php 96322.18 O a O b O C d
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