A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of P8,000each starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually? The corresponding value of interest is? A. 0.012 B. 0.12 C. 0.04
A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of P8,000each starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually? The corresponding value of interest is? A. 0.012 B. 0.12 C. 0.04
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of P8,000each starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?
The corresponding value of interest is?
A. 0.012
B. 0.12
C. 0.04
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