Engr. Fernandez buys a second hand car worth Php 250,000 if paid in cash. On installment basis,
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Engr. Fernandez buys a second hand car worth Php 250,000 if paid in cash. On installment basis, she pays Php 120,000 down payment, Php 50,000 at the end of one year, Php 40,000 at the end of two years and a final payment at the end of four years. Find the final payment if interest is 10%.
How much should Engr. Fernandez deposit now, if after 12 years, this will amount to Php 80,000. Interest rate is 8% compounded quarterly?
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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