If a machine is purchased on installment and the buyer makes an Php 80 000 down payment and owes a balance of Php 150 000 in 2 years. Determine the machine cash value if money is worth 14 % compounded quarterly. A. Php 193 912.00 B. Php 139 869.00 C. Php 183 936.00 D. Php 199 363.00
If a machine is purchased on installment and the buyer makes an Php 80 000 down payment and owes a balance of Php 150 000 in 2 years. Determine the machine cash value if money is worth 14 % compounded quarterly. A. Php 193 912.00 B. Php 139 869.00 C. Php 183 936.00 D. Php 199 363.00
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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If a machine is purchased on installment and the buyer makes an Php 80 000 down payment and owes a balance of Php 150 000 in 2 years. Determine the machine cash value if money is worth 14 % compounded quarterly.
A. Php 193 912.00
B. Php 139 869.00
C. Php 183 936.00
D. Php 199 363.00
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