SJS Software needs to accumulate P650,000 in 2 years to meet future needs. What regular payment would they need to make at the end of each month, at 2% interest compounded monthly?
SJS Software needs to accumulate P650,000 in 2 years to meet future needs. What regular payment would they need to make at the end of each month, at 2% interest compounded monthly?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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SJS Software needs to accumulate P650,000 in 2 years to meet future needs. What regular payment would they need to make at the end of each month, at 2% interest compounded monthly?
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