A telemarketing company bought a new office space for Php720,000 downpayment and monthly installment of Php40,000 at the end of each month for 42 months. What is the cash equivalent of the property if money is worth 12% compounded monthly? Group of answer choices Php2,281,250.57 Php2,086,324.33 Php2,523,200.50 Php2,190,844.67
A telemarketing company bought a new office space for Php720,000 downpayment and monthly installment of Php40,000 at the end of each month for 42 months. What is the cash equivalent of the property if money is worth 12% compounded monthly? Group of answer choices Php2,281,250.57 Php2,086,324.33 Php2,523,200.50 Php2,190,844.67
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 telemarketing company bought a new office space for Php720,000 downpayment and monthly installment of Php40,000 at the end of each month for 42 months. What is the cash equivalent of the property if money is worth 12% compounded monthly?
Group of answer choices
Php2,281,250.57
Php2,086,324.33
Php2,523,200.50
Php2,190,844.67
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