Luka bought a villa in an exclusive neighborhood at the southern part of the country. He agreed to pay 400.000 php every 3 months at 11% compounded quarterly for 5 years, and the Irst payment was due after 3 years from the time be acqures the vie, How much is the cash price of the villa?

 

Answer rating: 100% (QA)

To find the cash price of the villa we need to calculate the present value of the payments that Luka ... View the full answer