A man receive 125,000 php credit for his old car when buying a new model costing 875,000 php. What cash payment will be necessary so that the balance can be liquidated by payments of •15,000 php a month for 1 year with 8% interest •12,000 php a month for 2 years with 6% interest • 10,000 php a month for 4 years with 3% interest Note: Neglect the inflation. (Make a Cashflow diagram)
A man receive 125,000 php credit for his old car when buying a new model costing 875,000 php. What cash payment will be necessary so that the balance can be liquidated by payments of •15,000 php a month for 1 year with 8% interest •12,000 php a month for 2 years with 6% interest • 10,000 php a month for 4 years with 3% interest Note: Neglect the inflation. (Make a Cashflow diagram)
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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Engineering Ecomics
![A man receive 125,000 php credit for his old car
when buying a new model costing 875,000 php.
What cash payment will be necessary so that the
balance can be liquidated by payments of
•15,000 php a month for 1 year with 8% interest
•12,000 php a month for 2 years with 6% interest
•10,000 php a month for 4 years with 3% interest
Note: Neglect the inflation.
(Make a Cashflow diagram)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbfa4e0a2-a7e3-4010-a80a-4aad402c745d%2Fd3ad7b41-c7a2-461c-b1c2-a6fffc0a4db1%2F5esymz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A man receive 125,000 php credit for his old car
when buying a new model costing 875,000 php.
What cash payment will be necessary so that the
balance can be liquidated by payments of
•15,000 php a month for 1 year with 8% interest
•12,000 php a month for 2 years with 6% interest
•10,000 php a month for 4 years with 3% interest
Note: Neglect the inflation.
(Make a Cashflow diagram)
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