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1. A debt of P15,000 now will be paid in the following schedule: a. P4,000 at the end of three months b. P5,000 at the end of twelve months c. P3,000 at the end of fifteen months d. Final payment at the end of twenty-one months If the rate of interest is 18% compounded quarterly, determine the amount of the final payment.

1. A debt of P15,000 now will be paid in the following schedule: a. P4,000 at the end of three months b. P5,000 at the end of twelve months c. P3,000 at the end of fifteen months d. Final payment at the end of twenty-one months If the rate of interest is 18% compounded quarterly, determine the amount of the final payment.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please construct also a cash flow diagram thank you

1. A debt of P15,000 now will be paid in the following schedule: a. P4,000 at the end of three months b. P5,000 at the end of twelve months c. P3,000 at the end of fifteen months d. Final payment at the end of twenty-one months If the rate of interest is 18% compounded quarterly, determine the amount of the final рayment.
Transcribed Image Text:1. A debt of P15,000 now will be paid in the following schedule: a. P4,000 at the end of three months b. P5,000 at the end of twelve months c. P3,000 at the end of fifteen months d. Final payment at the end of twenty-one months If the rate of interest is 18% compounded quarterly, determine the amount of the final рayment.
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