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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Transcribed Image Text:Answer the subquestions below:
A. find the monthly payment of an ordinary if the present value is P18,500 with an
interest rate of 10% compounded quarterly for 6 years
B. Given that money can earn 9% compounded quarterly for 2 years, which has a
greater future value for a gadget: a payment of P1,600 at the end of every 6 months
or a payment of P800 at the end of every quarter?
C. Ronnie wants to sell his for P350,000 Patrick offers to buy the car at P300,000. The
parties negotiated and agreed on P325,000. What is the fair market value of the car?
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