Kyungsoo purchased a laptop for the online class of his kids through the credit cooperative for their
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Kyungsoo purchased a laptop for the online class of his kids through the credit cooperative for their company. The cooperative provides an option for a deferred payment. Kyungsoo decided to pay after 4 months of purchase. His monthly payment is computed as ₱3,500.00 payable in 12 months. How much is the cash value of the laptop if the interest rate is 8% convertible monthly?
•Yixing borrows ₱ 400,000.00 at an interest rate of 4% per year compounded semi-annually. He agreed to settle his loan by making 12 semi-annual payments at the end of each six months. If the first payment is made at the end of 2 years, compute the periodic payment.
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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