The present value of an annuity R pesos payable annually for 10 years , with the first
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2. A man receives P125, 000.00 credits for his old car when buying a new model costing P375,000.00 . What cash payment will be necessary so that the balance can be liquidated by payments of P12, 500.00 at the end of each month for 18 months when interest is charge at the rate of 6% compounded monthly?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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