Final answer:
The due date for the loan is October 30, 2024, the total interest accrued over the 28-month period at a 13.6% annual rate would be P102,400, and the maturity value of the loan including the interest is P402,400.
Step-by-step explanation:
To determine the due date, interest, and maturity value of the loan, we need to follow a step-by-step calculation approach.
The due date is simply the date the loan is to be fully repaid. Since the loan is taken on June 30, 2022, for a duration of 28 months, the due date will be October 30, 2024.
The interest on the loan can be calculated using the simple interest formula, which is Interest = Principal × Rate × Time. For a P300,000 loan at a 13.6% annual interest rate for 28 months (or 28/12 years), the interest would be P300,000 × 13.6% × (28/12), which amounts to P102,400.
The maturity value of the loan is the sum of the principal and the interest. Therefore, the maturity value would be P300,000 + P102,400, which equals P402,400.