Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly payment of P2 500 each. If interest was computed at 9% compounded monthly, how much was the cash value if the first installment payment was made at the end of 6 months?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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A. P251 899.56
C. P401 899.56
D. P506 739.03
1o 1000
B. P356 739.03
899.5
0.07
For 32 -33: Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly
0.07
payment of P2 500 each. If interest was computed at 9% compounded monthly, how much was
the cash value if the first installment payment was made at the end of 6 months?
32 JWhat kind of annuity is described in the problem?
Transcribed Image Text:A. P251 899.56 C. P401 899.56 D. P506 739.03 1o 1000 B. P356 739.03 899.5 0.07 For 32 -33: Marie bought a laboratory equipment with P25 000 down payment plus 18 months monthly 0.07 payment of P2 500 each. If interest was computed at 9% compounded monthly, how much was the cash value if the first installment payment was made at the end of 6 months? 32 JWhat kind of annuity is described in the problem?
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