3. A company offers a deferred payment option for the purchase of any furniture. Gladys plans to buy a dining table set with a monthly payment of P4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the dining set if the company will give 10% compounded monthly?
3. A company offers a deferred payment option for the purchase of any furniture. Gladys plans to buy a dining table set with a monthly payment of P4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the dining set if the company will give 10% compounded monthly?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
3. A company offers a deferred payment option for the purchase of any furniture. Gladys plans to buy a dining table set with a monthly payment of P4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the dining set if the company will give 10% compounded monthly?
Transcribed Image Text:Read each problem carefully and answer each question to solve the
1. Payment of P500.00 is made at each year for 10 years. Interest has
prublem.
pominal rate of 8% convertible quarterly. Find the present and
the future value
Hint: State the given. Identify which formula will be used. Substitute the
value to the formula,
F = R+
P = R.
2. The bu
fe car pavs P169,000 cash and P19 000 every month
ow much is
VI uie car?
3. A company offers a deferred payment option for the purchase of
any furniture. Gladys plans to buy a dining table set with a monthly
payment of P4,000.00 for 2 years. The payment will start at the end
of 3 months. How much is the cash price of the dining set if the
company will give 10% compounded monthly?
PART III. SUMMATIVE EYALJATION
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