Carlos buys a cell phone that is paid with a 25% advance and a 3-month document with a nominal value of $ 3,800. He supposes that the interest rate is equal to the TIIE plus 10 percentage points and that on the day of the purchase the TIIE was 4.3% simple per year. Calculate: to. The price of the cell phone b. The interests that are generated
Carlos buys a cell phone that is paid with a 25% advance and a 3-month document with a nominal value of $ 3,800. He supposes that the interest rate is equal to the TIIE plus 10 percentage points and that on the day of the purchase the TIIE was 4.3% simple per year. Calculate: to. The price of the cell phone b. The interests that are generated
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:Carlos buys a cell phone that is paid with a
25% advance and a 3-month document with
a nominal value of $ 3,800. He supposes that
the interest rate is equal to the TIIE plus 10
percentage points and that on the day of the
purchase the TIIE was 4.3% simple per year.
Calculate:
to. The price of the cell phone
b. The interests that are generated
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