A home video entertainment set is offered for sale for P18,000 down payment and P1800 every 3 months for the balance, for 18 months. If interest is to be computed at 10% converted quarterly, what is the cash price equivalent of the set? 2. Cocoy wants to accumulate P 230,000 in 9.5 years. Equal deposits are made at the end of each quarter in an account that pays 15% compounded quarterly. What is the size of each deposit? 1.
A home video entertainment set is offered for sale for P18,000 down payment and P1800 every 3 months for the balance, for 18 months. If interest is to be computed at 10% converted quarterly, what is the cash price equivalent of the set? 2. Cocoy wants to accumulate P 230,000 in 9.5 years. Equal deposits are made at the end of each quarter in an account that pays 15% compounded quarterly. What is the size of each deposit? 1.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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