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Discussion :: Engineering Economics

  1. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note.

    2. A.

     P18,000
    B.

     P18,900
    C.

     P19,000
    D.

     P19,100

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    Answer : Option A

    Explanation :

    Explanation Not Provided

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