Answer the following probiems: 1. The buyer of a car pays P 169,000 cash and P 12,000 every month for 5 years. If money is 10% compounded monthly, how much s the cash price of the car? 2. The buyer of a lot pays P 50,000 cash and P 10,000 every month for 10 years. If money is 8% compounded monthly how much is the cash value of the lot?

Answer the following probiems: 1. The buyer of a car pays P 169,000 cash and P 12,000 every month for 5 years. If money is 10% compounded monthly, how much s the cash price of the car? 2. The buyer of a lot pays P 50,000 cash and P 10,000 every month for 10 years. If money is 8% compounded monthly how much is the cash value of the lot?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 6P

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