Solve the following question with complete solution and include cash flow diagram: (DO NOT USE EXCEL) (Handwritten/Type only) A housewife bought a brand new washing machine costing Php 15,000 if paid in cash. However, she can purchase it on installment basis to be paid within 8 years. If money is worth 9.38 % compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year? (Round off the answer to 2 decimal places)
Solve the following question with complete solution and include cash flow diagram: (DO NOT USE EXCEL) (Handwritten/Type only) A housewife bought a brand new washing machine costing Php 15,000 if paid in cash. However, she can purchase it on installment basis to be paid within 8 years. If money is worth 9.38 % compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year? (Round off the answer to 2 decimal places)
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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Solve the following question with complete solution and include cash flow diagram: (DO NOT USE EXCEL) (Handwritten/Type only)
A housewife bought a brand new washing machine costing Php 15,000 if paid in cash. However, she can purchase it on installment basis to be paid within 8 years. If money is worth 9.38 % compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year? (Round off the answer to 2 decimal places)
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