1. Lucy Heartfillia buy a television set from a merchant who offers P25,000 at the end of 60 days. She wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 14% simple interest. What is the required amount?
1. Lucy Heartfillia buy a television set from a merchant who offers P25,000 at the end of 60 days. She wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 14% simple interest. What is the required amount?
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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1. Lucy Heartfillia buy a television set from a merchant who offers P25,000 at the end of 60 days. She wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 14% simple interest. What is the required amount?
2. Determine the exact simple interest on P5,000 for the period of from Jan. 15 to Nov. 28 1992, if the interest rate is 22%
3. A mixer cost P30,000. Maintenance cost is P3,000, every two years. The device will generate revenues of 10,000, each year for 6 years after which the salvage value is expected to be P5,000.make a cash-flow diagram of a mixer in 6 years period
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