Jasmin bought a laptop amounting P45,000 in an installment basis with 1.5% annual interest. She provides a P5000 downpayment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year, 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.

Jasmin bought a laptop amounting P45,000 in an installment basis with 1.5% annual interest. She provides a P5000 downpayment and promise to pay P3000 at the end of 1st year, 9000 at the end of 2nd year, 4000 at the end of 5th year and the remaining balance at the end of 8th year. Find the remaining balance and create a cash flow diagram.

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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Similar questions

April has $500 in the bank. The account will earn 4% in simple interest for the next 3 years. How much interest will April earn? Show your work.
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Need answers ASAP... Datu Iro borrows P4000 from his parents for his final year of college. He agrees to repay It at 7% Interest in one payment 3 years later. How much does he repay? How much of this is Interest and how much is principal? Drawthe cash flow diagram.
On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as birthday present. She decided to invest the said amountof 20% exact simple interest. If the account will mature on Christmas day at an amount P10,000.00, how much did Nicole receive from her mother on her birthday? Draw the cash flow diagramwith your solution.
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