John bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months? pls provide the cash flow. thanks
John bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months? pls provide the cash flow. thanks
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 12P
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John bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months?
pls provide the cash flow. thanks
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