Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F = P 14 000, d = 8% and t= 9 months. 3. Discount (or find the present value of) P 20 000 for 150 days at a discount rate of 7%. 4. Accumulate P 50 000 for 3 years and 9 months at 7 %% simple discount. 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%? 6. ABC bank charges 10 %% for discounting loans. If Aldrin agrees to repay P 55 000 after 7 months, how much does he receive now?

Activity 2 Simple Discount Solve the following. Show your solution. 1. Find the proceeds of P 50 000 due at the end of 8 months if the discount rate is 10 %%? 2. Find the discount interest if F = P 14 000, d = 8% and t= 9 months. 3. Discount (or find the present value of) P 20 000 for 150 days at a discount rate of 7%. 4. Accumulate P 50 000 for 3 years and 9 months at 7 %% simple discount. 5. How long will it take for P 20 500 to amount to P 30 000, if the discount rate is 5 4/5%? 6. ABC bank charges 10 %% for discounting loans. If Aldrin agrees to repay P 55 000 after 7 months, how much does he receive now?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 29E

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