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What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 2/7% simple interest? A. ₱690.86 B. ₱16,290.86 C. ₱16,
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What amount should be paid on the maturity date to settle a one-hundred-twenty day loan dated March 19, 2013, if the present value is ₱15,600 at 13 2/7% simple interest?

A. ₱690.86
B. ₱16,290.86
C. ₱16,281.39
D. ₱681.39​

User Ellington
by
8.4k points

1 Answer

0 votes

Answer:

c

Step-by-step explanation:

User Webschnecke
by
9.1k points
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