If P12,000 is the present value of P12,600 due at the end of 9 months, then the annual simple discount rate is?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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If P12,000 is the present value of
P12,600 due at the end of 9
months, then the annual simple
discount rate is?
Transcribed Image Text:If P12,000 is the present value of P12,600 due at the end of 9 months, then the annual simple discount rate is?
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