SOLUTION: at 16% discount rate, find the present valur of php 36,000 which is due at the end of 90 days? What is the discount?

Algebra.Com
Question 1128757: at 16% discount rate, find the present valur of php 36,000 which is due at the end of 90 days? What is the discount?
Answer by ikleyn(52786)   (Show Source): You can put this solution on YOUR website!
.
at 16% discount rate, find the present valur of php 36,000 which is due at the end of 90 days? What is the discount?
~~~~~~~~~~~~~~~~~~~~~~ 


I am not a "Finance" person, but I think that you incorrectly use the term "discount" in this context.


RELATED QUESTIONS

If 8,000 pesos is the present value of 11,000 pesos due at the end of seven months, what... (answered by Theo,ikleyn)
What is the simple discount for a car costing 880,000 pesos, is a present value of... (answered by CPhill)
Find the rate compounded semi-annually if 30,000 is the present value of 55,000 due at... (answered by Theo,MathTherapy)
What is the present value of a single cash flow of $25,000 received at the end of 10... (answered by Theo)
1.) A bank requires a monthly payment of 450.75 Php for a loan of 54,000 Php. At the same (answered by Theo)
1.) How much trade discount is allowed if the catalogue list a kitchen cabinet sink at... (answered by ikleyn)
The following aged accounts receivable schedule was prepared for Dulax paints at the end... (answered by ikleyn)
1. A man bought PhP 100,000 bond for PhP 960. If he receives an annually interest of PhP... (answered by ikleyn)
On May 11, 1993, a note due on January 10, 1994 was discounted at 12.12% simple discount. (answered by CPhill)