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Answer the word problems and solve for what is being asked. 1. Junnel purchased a cellphone through the credit cooperative of their company. The cooperative provides an option of deferred payment. Junnel decided to pay after 4 months of purchase. His monthly payment is computed as P4, 500 payable in 12 months. How much is the cash value of the cellphone if the interest rate is 6% convertible monthly?

Answer the word problems and solve for what is being asked. 1. Junnel purchased a cellphone through the credit cooperative of their company. The cooperative provides an option of deferred payment. Junnel decided to pay after 4 months of purchase. His monthly payment is computed as P4, 500 payable in 12 months. How much is the cash value of the cellphone if the interest rate is 6% convertible monthly?

Essentials Of Investments
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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Answer the word problems and solve for what is being asked. 1. Junnel purchased a cellphone through the credit cooperative of their company. The cooperative provides an option of deferred payment. Junnel decided to pay after 4 months of purchase. His monthly payment is computed as P4, 500 payable in 12 months. How much is the cash value of the cellphone if the interest rate is 6% convertible monthly? purchased that will pay P8, 000 per quarter for 20 yea 2. A deferred annuity after being deferred 10 years and with interest rate of 8 % compounded quarter What is the present value of the annuity?
Transcribed Image Text:Answer the word problems and solve for what is being asked. 1. Junnel purchased a cellphone through the credit cooperative of their company. The cooperative provides an option of deferred payment. Junnel decided to pay after 4 months of purchase. His monthly payment is computed as P4, 500 payable in 12 months. How much is the cash value of the cellphone if the interest rate is 6% convertible monthly? purchased that will pay P8, 000 per quarter for 20 yea 2. A deferred annuity after being deferred 10 years and with interest rate of 8 % compounded quarter What is the present value of the annuity?
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