Question Solved1 Answer Is my solution correct? What is the proceeds of a P6,500 bank discount note that is payable at the end of 6 months but discounted after 3 months at 15% discount interest rate? FP6500 m.d = 6 months d.d - 3 months d = 15% -).15 discount period = 6 months - 3 months = 3 months - Pra F (1-dt) 6500[1-(.15)(3/12)] 6254.25 Php

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What is the proceeds of a P6,500 bank discount note that is payable at the end of 6 months but discounted after 3 months at 15% discount interest rate?

Transcribed Image Text: FP6500 m.d = 6 months d.d - 3 months d = 15% -).15 discount period = 6 months - 3 months = 3 months - Pra F (1-dt) 6500[1-(.15)(3/12)] 6254.25 Php
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Transcribed Image Text: FP6500 m.d = 6 months d.d - 3 months d = 15% -).15 discount period = 6 months - 3 months = 3 months - Pra F (1-dt) 6500[1-(.15)(3/12)] 6254.25 Php
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Proceeds on discounting will be(()/([PV=FV//(1+rt) ... See the full answer