Question
J purchased a small lot in a subdivision, paying P20,000 down and promising to pay P1,500 every 3 months for the next 10 years. The
J purchased a small lot in a subdivision, paying P20,000 down and promising to pay P1,500 every 3 months for the next 10 years. The seller figured interest is 12 % compounded quarterly. What was the cash price of the lot?
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Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
