A car is to be purchased in monthly payments of 15,000 for 5 years starting at the end of 3 months.How much is the present value of of the car if the interest rate is 12% convertible monthly?
A car is to be purchased in monthly payments of 15,000 for 5 years starting at the end of 3 months.How much is the present value of of the car if the interest rate is 12% convertible monthly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 9P
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A car is to be purchased in monthly payments of 15,000 for 5 years starting at the end of 3 months.How much is the present value of of the car if the interest rate is 12% convertible monthly?
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