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A PERSON TAKES OUT A DISCOUNTED LOAN WITH FACE VALUE OF 5000 FOR 6 MOS...

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Finance

A PERSON TAKES OUT A DISCOUNTED LOAN WITH FACE VALUE OF 5000 FOR 6 MOS FROM A LENDER WHO CHARGES A 9 1/2 DISCOUNT RATE HOW MUCH MONEY DOES THE BORROWER RECIEVE? image
A person takes out a discounted loan with a face value of P5,000 for 6 months from a lender who charges a 9 1/2% discount rate. How much money does the borrower receive? Blank 1

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