An engineer buys a piece of lot for P250,000 down payment and 10 deferred semi-annual payments of $20,000 each, starting 3 ½ years from now. What is the present value of the investment if the rate of interest is 10% compounded quarterly? A. 403,967.03 B. 372,891.34 C. 319,368.96 D. 364,483.09
An engineer buys a piece of lot for P250,000 down payment and 10 deferred semi-annual payments of $20,000 each, starting 3 ½ years from now. What is the present value of the investment if the rate of interest is 10% compounded quarterly? A. 403,967.03 B. 372,891.34 C. 319,368.96 D. 364,483.09
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An engineer buys a piece of lot for P250,000 down payment and 10 deferred semi-annual payments of $20,000 each, starting 3 ½ years from now. What is the
A. 403,967.03
B. 372,891.34
C. 319,368.96
D. 364,483.09
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