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
Related questions
Question
Transcribed Image Text:If I plan to avail of a loan
today and I will start to pay
it P9,689 at the start of
every month up to 6 years
charged by an interest rate
of 11.8% compounded semi-
annually. 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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