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# A personal computer being sold for P85,000 may be bought by making a P15,000 down payment, and the balance is payable in equal quarterly payments for 2 years and 6 months. If money is worth 10% compounded quarterly, find the

A personal computer being sold for P85,000 may be bought by making a P15,000 down payment, and the balance is payable in equal quarterly payments for 2 years and 6 months. If money is worth 10% compounded quarterly, find the quarterly payments.

- Expert Answer

## To find the quarterly payments we can use the formula for the present val View the full answer

**Related Book For**

## Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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