Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?

Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter13: Investment Fundamentals

Section: Chapter Questions

Problem 2DTM

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Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000 in five (5) years. If she has money earning 8% converted quarterly, which is a better purchased plan and by how much?

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