Find the monthly periodic payments of the general ordinary annuity of an appliance cash price of Php 40,000 for 9 months with an interest rate of 6% compounded semi-annually? O Php 5,654.91 O Php 4,654.91 O Php 5,554.91 O Php 4,554.91

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Find the monthly periodic
payments of the general
ordinary annuity of an
appliance cash price of Php
40,000 for 9 months with an
interest rate of 6%
compounded semi-annually? *
O Php 5,654.91
O Php 4,654.91
O Php 5,554.91
O Php 4,554.91
Transcribed Image Text:Find the monthly periodic payments of the general ordinary annuity of an appliance cash price of Php 40,000 for 9 months with an interest rate of 6% compounded semi-annually? * O Php 5,654.91 O Php 4,654.91 O Php 5,554.91 O Php 4,554.91
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