Mathematics in Finance

[Dumb@Math]

1. Discount Php 20,000 for 15 months at a simple discount rate of 6%.

2. A woman needs Php 50,000 on September 25, 2020. She plans to repay the loan on December 24, 2020. How much should she request from a lender whose discount rate is 10%.

3. A debt of Php 10, 000 is due on January 20, 2021. What was the value of this debt on September 20, 2017 at 5% converted monthly?

answer with solution and explanation.

 

[Deleted member 4993]

1. Discount Php 20,000 for 15 months at a simple discount rate of 6%.

2. A woman needs Php 50,000 on September 25, 2020. She plans to repay the loan on December 24, 2020. How much should she request from a lender whose discount rate is 10%.

3. A debt of Php 10, 000 is due on January 20, 2021. What was the value of this debt on September 20, 2017 at 5% converted monthly?

answer with solution and explanation.

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