Liza needs P67,500 on June 14, 2019. She plans to repay the loan on September...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Liza needs P67,500 on June 14, 2019. She plans to repay the loan on September 12,2019. How much should she request from a lender whose discount rate is 9%.
a. P 73, 224.18
b. P 54,000.04
c. P 69,053.71
d. P 63, 256.09
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!