Question
The LATEST PD is planning to purchase a device that will be connected to the Arduino Uno, worth 100 million rupiah. Payment for these devices
The LATEST PD is planning to purchase a device that will be connected to the Arduino Uno,
worth 100 million rupiah. Payment for these devices will be made regularly every month
with an installment system that is the same nominal with an interest rate of 18% in 1 monthly compilation,
for 2 years. How much is the value of the device after making 12 payments? How much
effective interest?
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
