Group Activity

Each group must make their own Promissory Note. Set the loan
period, annual interest rate, and principal, then compute for the
payable amount by maturity.
Example
2. Mr. Sy borrowed Php40,000 from a bank for office furniture on
April 4. The loan was due on October 10 at an annual interest rate of
4%. Calculate Mr. Sy’s interest and maturity value.
Activity 1
Taylor Batumbakal Swift borrows 500,000
pesos from a local bank for 90 days at 12%
per year to remodel her hair salon. Interest
rate would have been 36% fifteen years ago.
Find the difference in the interest charges
and maturity values of the two eras.
Reflection Activity

“If your brother with you becomes so poor that

he sells himself to you, you are not to make him
serve like a bond slave.” (Leviticus 25:39, ISV)