a piece of machinery can be bought for Php 10,000 cash or for Php 2,000 down and 20,000 at the end of 15 years. What is the annual (compound) interest rate for the time payments
a piece of machinery can be bought for Php 10,000 cash or for Php 2,000 down and 20,000 at the end of 15 years. What is the annual (compound) interest rate for the time payments
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 9P
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a piece of machinery can be bought for Php 10,000 cash or for Php 2,000 down and 20,000 at the end of 15 years. What is the annual (compound) interest rate for the time payments
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