A. A television (TV) set is for sale at P13,499 in cash or on installment terms, P2,500 each month for the next 6 months at 9% compounded annually. If you were the buyer, what would you prefer, cash or installment? (USE J = 0.007207, N=6).
I. Solve the following problems.
A. A television (TV) set is for sale at P13,499 in cash or on installment terms, P2,500 each month for the next 6 months at 9% compounded annually. If you were the buyer, what would you prefer, cash or installment? (USE J = 0.007207, N=6).
II. Find the period of deferral in each of the following deferred annuity problem (one way to find the period of deferral is to count the number of artificial payments)
B. Glenn purchased a laptop through the credit cooperative of their company. The cooperative provides an option for a deferred payment. Glenn decided to pay after 4 months of purchase. His monthly payment is computed as P3,500 payable in 12 months. How much is the cash value of the laptop if the interest rate is 8% convertible monthly? (Draw it's cash flow)
Step by step
Solved in 3 steps with 2 images
II. Find the period of deferral in each of the following deferred annuity problem (one way to find the period of deferral is to count the number of artificial payments)
B. Glenn purchased a laptop through the credit cooperative of their company. The cooperative provides an option for a deferred payment. Glenn decided to pay after 4 months of purchase. His monthly payment is computed as P3,500 payable in 12 months. How much is the cash value of the laptop if the interest rate is 8% convertible monthly? (Draw it's cash flow)
by Bartleby Expert
