Solve it with a complete solution Ms. Callie paid Php200,000 as down payment for a farm. The remaining anmount is to besettled by paying Php16,200 at the end of each month for 5 years. If interest is 5%compounded semi-annually, what is the fair market value of the farm?ResponseFMV DP+LS Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for oneyear. The first payment is due after 6 months. How much is the present value of the loan ifthe interest rate is 12% compounded monthly?Response

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Ms. Callie paid Php200,000 as down payment for a farm. The remaining amount is to be settled by paying Php16,200 at the end of each month for 5 years. If interest is 5% compounded semi-annually, what is the fair market value of the farm?

Ms. Callie paid Php200,000 as down payment for a farm. The remaining amount is to be settled by paying Php16,200 at the end of each month for 5 years. If interest is 5% compounded semi-annually, what is the fair market value of the farm?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Solve it with a complete solution

Ms. Callie paid Php200,000 as down payment for a farm. The remaining anmount is to be
settled by paying Php16,200 at the end of each month for 5 years. If interest is 5%
compounded semi-annually, what is the fair market value of the farm?
Response
FMV DP+LS

Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one
year. The first payment is due after 6 months. How much is the present value of the loan if
the interest rate is 12% compounded monthly?
Response

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