FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:5. Panadera Bakeshop involved in livestock production having a loan of P250,000 from City
Savings Bank that charges a compound interest of 12% compounded yearly. The loan must be
repaid in two years. What is the maturity value of the loan at the end of two years?
a. P303,200
b. P306,400
c. P309,500
d. P313,600
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