Question 14 Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? A Ordinary Interest at Approximate Time Exact Interest at Actual Time Exact Interest at Approximate Time Ordinary Interest at Actual Time

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.16E
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Question 14
Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20,
2020.?
A
Ordinary Interest at Approximate Time
Exact Interest at Actual Time
Exact Interest at Approximate Time
D) Ordinary Interest at Actual Time
Transcribed Image Text:Question 14 Which of the following is the most advantageous for a debtor if he borrowed P15, 000 at 6% from March 15, 2020 to December 20, 2020.? A Ordinary Interest at Approximate Time Exact Interest at Actual Time Exact Interest at Approximate Time D) Ordinary Interest at Actual Time
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