An LCD televisition set is purchased with a down payment of $30,000 and $4,624.50 at the end of each month for 2 years to discharge all principal interest at 15% compouned monthly. Find the cash value of the television set.

An LCD televisition set is purchased with a down payment of $30,000 and $4,624.50 at the end of each month for 2 years to discharge all principal interest at 15% compouned monthly. Find the cash value of the television set.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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An LCD televisition set is purchased with a down payment of $30,000 and $4,624.50 at the end of each month for 2 years to discharge all principal interest at 15% compouned monthly. Find the cash value of the television set.

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