Question: 1) Which alternative is better for a customer when purchasing a commercial panel: a) Pay the bank B/1200. 0 and pay the rest through B/125.25

1) Which alternative is better for a customer when purchasing a

1) Which alternative is better for a customer when purchasing a commercial panel: a) Pay the bank B/1200. 0 and pay the rest through B/125.25 per month for 5 years at 12%c/m; b) Pay the bank B/1425. and pay the rest through B/130.50 per month for 4 and a half years at 12%c/m. Justify your answer. note: c/m means monthly convertible. The team for this problem is from: Financial Mathematics

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