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In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at x % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of 4 years. Find X. Select one: O a. 7.2 O b. 6.3 O c. 5.5 O d. 4.8

In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at x % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of 4 years. Find X. Select one: O a. 7.2 O b. 6.3 O c. 5.5 O d. 4.8

Essentials Of Investments
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
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In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at x % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of 4 years. Find X. Select one: О а.7.2 O b. 6.3 O c. 5.5 O d. 4.8
Transcribed Image Text:In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at x % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of 4 years. Find X. Select one: О а.7.2 O b. 6.3 O c. 5.5 O d. 4.8
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