To increase its sales, a wholesale company offers its customers a promotion that consists of paying only 30% of the value of the merchandise at the time of delivery and 2 payments of 20 thousand pesos each at 90 and 180 days. If the compound interest rate is 11.45% per year with daily compounding, what is the cash value of said commodity?

To increase its sales, a wholesale company offers its customers a promotion that consists of paying only 30% of the value of the merchandise at the time of delivery and 2 payments of 20 thousand pesos each at 90 and 180 days. If the compound interest rate is 11.45% per year with daily compounding, what is the cash value of said commodity?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter13: Other Financing Alternatives

Section: Chapter Questions

Problem 1bM

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