A new brand of cell phone is for sale in SM Lucena at P 13,499.00 in cash or in instalment terms, P2,500.00 each month for the next 6 months at 9% compounded monthly. 1. If you were the buyer, what do you prefer? C ash or installment? 2. Why did you choose cash? Installment? 3. What is the advantage of choosing c ash basis? 4. What is the advantage of choosing installment basis?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 1E
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A new brand of cell phone is for sale in SM Lucena at P 13,499.00 in cash or in instalment terms, P2,500.00 each month for the next 6 months at 9% compounded monthly.

1. If you were the buyer, what do you prefer? C ash or installment?

2. Why did you choose cash? Installment?

3. What is the advantage of choosing c ash basis?

4. What is the advantage of choosing installment basis?

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