An office 3-tray photocopier is for sale at PHP 16,000 in cash or on terms: PHP 2,500 down and PHP 1,200 each month for the next 12 months. If you were the buyer, which purchase plan would you prefer? Money is worth 15% compounded monthly?

An office 3-tray photocopier is for sale at PHP 16,000 in cash or on terms: PHP 2,500 down and PHP 1,200 each month for the next 12 months. If you were the buyer, which purchase plan would you prefer? Money is worth 15% compounded monthly?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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