A generator costs P 85,141 if paid in cash. On installment plan, a buyer should pay P 30,001 downpayment and 10 semi-annual installments, the 1st installment payment is due at the end of the 1st year after purchase. If the interest is 19 cpd. semi-annually, find the

A generator costs P 85,141 if paid in cash. On installment plan, a buyer should pay P 30,001 downpayment and 10 semi-annual installments, the 1st installment payment is due at the end of the 1st year after purchase. If the interest is 19 cpd. semi-annually, find the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A generator costs P 85,141 if paid in cash. On installment plan, a buyer should pay P 30,001
downpayment and 10 semi-annual installments, the 1st installment payment is due at
the end of the 1st year after purchase. If the interest is 19 cpd. semi-annually, find the
semi-annual payment.

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