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How much loan would Mr Kamlon ask

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Reference no: EM132951141

Question - Solve each of the following:

1. How much loan would Mr. Kamlon ask for, if he needs P2,500 cash which will be repaid in 1 year and 3 months with 5 4/5% simple discount?

2. Accumulate P5,800 for 4 years and 9 months at 6 3/8% simple discount?

3. Discount P6,400 for 5 years and 6 months at 5 7/8% simple discount?

4. Find the amount due on November 27,1990, if the present value on May 5, 1990 is P3,950 with a discount rate of 6 7/8%.

5. Find the amount due on November 27,1990, if the present value on May 5, 1990 is P3,950 with a discount rate of 6 7/8%.

Reference no: EM132951141

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