Business Mathematics (Module 8) 3. Mrs. Garcia received two offers on a lot that he wants to sell. Ms. Dela Cerna has offered P50,000.00 and P1 million lump sum payment 5 years from now. Ms. Zurita has offered P50,000.00 every quarter for 5 years. Compare the fair market values of the two offers if money can earn 5% compounded annually. Which offer has a higher market value? Solution 1: Solution 2:

Business Mathematics (Module 8) 3. Mrs. Garcia received two offers on a lot that he wants to sell. Ms. Dela Cerna has offered P50,000.00 and P1 million lump sum payment 5 years from now. Ms. Zurita has offered P50,000.00 every quarter for 5 years. Compare the fair market values of the two offers if money can earn 5% compounded annually. Which offer has a higher market value? Solution 1: Solution 2:

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter13: Sequences And Series

Section13.FOM: Focus On Modeling: Modeling With Recursive Sequences

Problem 5P

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