Jose purchased an expensive watch for P45,000. Using his credit card he promised to pay the said

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Jose purchased an expensive watch for P45,000. Using his credit card he promised to pay the said item in 8 monthly installments. If money is worth 12% compounded monthly, find the periodic payment and construct an amortization table.

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Posted Date: Jan 16, 2024 04:52 AM

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Jose purchased an expensive watch for P45,000. Using his credit card he promised to pay the said

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To find the periodic payment for the monthly installment you can use the formula for the monthly pay... View the full answer

Business Law Text and Cases

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