2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% converted monthly?
2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% converted monthly?
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
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2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for
1 year. The first payment is due after 6 months. How much is the present value of
the loan if the interest rate is 12% converted monthly?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fccadc597-fc5a-4bb6-b9f0-16732af1c6f2%2F9b7ffdfc-f7b8-4eb2-950e-67012b540e85%2Fliw765c_processed.png&w=3840&q=75)
Transcribed Image Text:Thankyouuuu please use computer and keyboard to type the answer I need it to be computerize please also provide table
2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for
1 year. The first payment is due after 6 months. How much is the present value of
the loan if the interest rate is 12% converted monthly?
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