You have a debt to your favorite friend Php 200,000.00. Due in your loss of money, you provide to pay off the mortgage inside one year beneath the subsequent conditions. The first price is Php 5000 on the stop of the primary month. The 2nd price is Php 5,000.00 + G on the stop of the second one month, and you pay off Php 5,000.00 + 2G on the stop of the third month. This sample of growing the quantity of G will keep for all ultimate months. A. If the interest rate is 0.5% per month, what's the value of G? B. What is the equal month-to-month constant price?| If the primary price is Php 7,500.00 (that is, verify G), repeat part A
You have a debt to your favorite friend Php 200,000.00. Due in your loss of money, you provide to pay off the mortgage inside one year beneath the subsequent conditions. The first price is Php 5000 on the stop of the primary month. The 2nd price is Php 5,000.00 + G on the stop of the second one month, and you pay off Php 5,000.00 + 2G on the stop of the third month. This sample of growing the quantity of G will keep for all ultimate months. A. If the interest rate is 0.5% per month, what's the value of G? B. What is the equal month-to-month constant price?| If the primary price is Php 7,500.00 (that is, verify G), repeat part A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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