A person buys a piece of lot for Php 148817 down payment and 10 deferred semi-annual payments of P 5,000 each, starting 8 years from now. What is the present value of the investment if the rate of interest is 13% per year compounded quarterly? (Round off the interest rate to 5 decimal places)
A person buys a piece of lot for Php 148817 down payment and 10 deferred semi-annual payments of P 5,000 each, starting 8 years from now. What is the present value of the investment if the rate of interest is 13% per year compounded quarterly? (Round off the interest rate to 5 decimal places)
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 person buys a piece of lot for Php 148817 down payment and 10 deferred semi-annual payments of P 5,000 each, starting 8 years from now. What is the
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