If I plan to avail of a loan today and I will pay it P6,208 every end of the month for 6 years charged by an interest rate of 11.29% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?
If I plan to avail of a loan today and I will pay it P6,208 every end of the month for 6 years charged by an interest rate of 11.29% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?
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 I plan to avail of a loan today and I will pay it P6,208 every end of the month for 6 years charged by an interest rate of 11.29% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?
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