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
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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?
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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