Question 1190428


Discounted Value = Face Value * (1 - Discount Rate * Time)

Here
Discounted Value = P20,080.93
Discount Rate = 9.25%
Time = 120 days ( June 27 to October 15)

 divide by 360 ( days in a year used in financial calculations):

Time = 120 / 360 = 1/3 

Plug  the values into the formula

P20,080.93 = Face Value * (1 - 0.0925 * 1/3)
Face Value = P20,080.93 / (1 - 0.0925 * 1/3)
Face Value = P20,080.93 / 0.9717
Face Value = P20,642.45