Find the present value on the date

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Reference no: EM131958062

1. Ben Affleck made a loan of 80000 at 8% for 200 days due to severe injuries receive in a car accident on the same day the loan was made Aflac immediately had to sell the loan to an investor the investor believes the credit risk of the borrower is high and requires 12% simple interest. FIND the present value of the loan.

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2. Find the present value on the date it was made of a loan of $14,700 at 12% for 210 days if money is worth 10%

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Reference no: EM131958062

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