What I Can Do Direction: Answer the following as indicated. Write your answers on separate sheet/s of paper. 1. A television (TV) set is for sale at P13,499 in cash or on installment terms, P2,500 each month for the next 6 months at 9% compounded monthly. If you were the buyer, what would you prefer, cash or installment? Why? 2. On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday? (use j = 0.002502, n=28)
What I Can Do Direction: Answer the following as indicated. Write your answers on separate sheet/s of paper. 1. A television (TV) set is for sale at P13,499 in cash or on installment terms, P2,500 each month for the next 6 months at 9% compounded monthly. If you were the buyer, what would you prefer, cash or installment? Why? 2. On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday? (use j = 0.002502, n=28)
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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10. The amount of each payment is a/an
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What I Can Do
Direction: Answer the following as indicated. Write your answers on separate
sheet/s of paper.
1. A television (TV) set is for sale at Pl13,499 in cash or on installment terms,
P2,500 each month for the next 6 months at 9% compounded monthly. If you
were the buyer, what would you prefer, cash or installment? Why?
2. On a girl's 1Oth birthday, her father started to deposit P5,000 quarterly at
the end of each term in a fund that pays 1% compounded monthly. How
much will be in the fund on his daughter's 17th birthday?
(use j = 0.002502, n=28)
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