ohn loaned from Karl the sum of P5,500 and promised to pay the sum plus interest at the end of 9months. If money is worth 12%, how much money will John pay Karl at the end of the term?
ohn loaned from Karl the sum of P5,500 and promised to pay the sum plus interest at the end of 9months. If money is worth 12%, how much money will John pay Karl at the end of the term?
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 12E
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7. John loaned from Karl the sum of P5,500 and promised to pay the sum plus interest at the end of 9months. If money is worth 12%, how much money will John pay Karl at the end of the term?
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