A new iphone model is offered at Php 78799 cash but can be acquired through installment at an interest rate of 12% per year compounded monthly. How much will you pay for the installment every month for two years? Note: Do not round in between solution. Final answer round to the nearest whole number.
A new iphone model is offered at Php 78799 cash but can be acquired through installment at an interest rate of 12% per year compounded monthly. How much will you pay for the installment every month for two years? Note: Do not round in between solution. Final answer round to the nearest whole number.
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
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A new iphone model is offered at Php 78799 cash but can be acquired through installment at an interest rate of 12% per year compounded monthly. How much will you pay for the installment every month for two years?
Note: Do not round in between solution. Final answer round to the nearest whole number.
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