A man purchases a computer worth 15000 with an interest at 5% payable semi annually. He signed contract to pay 5000 and the balance principal and interest included by equal payments at the end of 6 months for 10 years. At the end of 4 years this computer was sold yeild to investor 7% peyable semi annually. Find the price he has paid
A man purchases a computer worth 15000 with an interest at 5% payable semi annually. He signed contract to pay 5000 and the balance principal and interest included by equal payments at the end of 6 months for 10 years. At the end of 4 years this computer was sold yeild to investor 7% peyable semi annually. Find the price he has paid
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
Problem 1PS
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A man purchases a computer worth 15000 with an interest at 5% payable semi annually. He signed contract to pay 5000 and the balance principal and interest included by equal payments at the end of 6 months for 10 years. At the end of 4 years this computer was sold yeild to investor 7% peyable semi annually. Find the price he has paid
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