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Mae purchased an expensive item worth Php545,000. She paid a downpayment of Php45,000 and promised to pay the remaining balance every three months for three years at 8% compounded quarterly. How much is the quarterly payment? 16 Php95,380.95 Php194,016.76 Php15,668.18 Php47,279.80

Mae purchased an expensive item worth Php545,000. She paid a downpayment of Php45,000 and promised to pay the remaining balance every three months for three years at 8% compounded quarterly. How much is the quarterly payment? 16 Php95,380.95 Php194,016.76 Php15,668.18 Php47,279.80

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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Question 16 Mae purchased an expensive item worth Php545,000. She paid a downpayment of Php45,000 and promised to pay the remaining balance every three months for three years at 8% compounded quarterly. How much is the quarterly payment? 16 Php95,380.95 Php194,016.76 Php15,668.18 Php47,279.80
Transcribed Image Text:Question 16 Mae purchased an expensive item worth Php545,000. She paid a downpayment of Php45,000 and promised to pay the remaining balance every three months for three years at 8% compounded quarterly. How much is the quarterly payment? 16 Php95,380.95 Php194,016.76 Php15,668.18 Php47,279.80
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