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Formula: Ic = F-P n = tm i=j/m F = P(1 + i)^ P = F(1 + i) CV = DP + F(1 + i)^ 3. Jun sells a television set to Bong. Bong will pay P30,000 now and P120,000 in 3 years. If money is worth 17.75% compounded monthly, what is the cash value of the television set?

Formula: Ic = F-P n = tm i=j/m F = P(1 + i)^ P = F(1 + i) CV = DP + F(1 + i)^ 3. Jun sells a television set to Bong. Bong will pay P30,000 now and P120,000 in 3 years. If money is worth 17.75% compounded monthly, what is the cash value of the television set?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1. (Compound Interest) Finding F, P, I, j, t Formula: I= F-P _n=tm i=j/m F = P(1 + i) n P = F(1 + i) CV = DP + F(1 + i) 3. Jun sells a television set to Bong. Bong will pay P30,000 now and P120,000 in 3 years. If money is worth 17.75% compounded monthly, what is the cash value of the television set?
Transcribed Image Text:1. (Compound Interest) Finding F, P, I, j, t Formula: I= F-P _n=tm i=j/m F = P(1 + i) n P = F(1 + i) CV = DP + F(1 + i) 3. Jun sells a television set to Bong. Bong will pay P30,000 now and P120,000 in 3 years. If money is worth 17.75% compounded monthly, what is the cash value of the television set?
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