9. Sophia has an outstanding credit card balances of RM8,000. If the credit card issuer charge her 18 percent per annum compounding monthly, and she would like to paid off the credit card balances in one year, how much should she pay every month? 10. How

9. Sophia has an outstanding credit card balances of RM8,000. If the credit card issuer charge her 18 percent per annum compounding monthly, and she would like to paid off the credit card balances in one year, how much should she pay every month? 10. How

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 34P

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Question

9. Sophia has an outstanding credit card balances of
RM8,000. If the credit card issuer charge her 18
percent per annum compounding monthly, and she
would like to paid off the credit card balances in one
year, how much should she pay every month? 10. How
much should you pay for an investment that will give
you a dividend of RM600 at the beginning of each
quarter for the next 5 years if your cost of capital is 9
percent per annum?

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