Marie bought a laboratory equipment with P25,000 down payment plus 18 moths monthly payment of P2,500 each. If interest was computed at 9% compounded monthly,how much was the cash value if the first installment payment was made at the end of 6 moths? What kind of annuity is described in the problem? A.Annuity Due B.Ordinary annuity C.deferred annuity D.General annuity What is the answer to the question of the problem? A.P24,494.40 B.P49,494.40 C.P82,179.92. D.P90,500

Marie bought a laboratory equipment with P25,000 down payment plus 18 moths monthly payment of P2,500 each. If interest was computed at 9% compounded monthly,how much was the cash value if the first installment payment was made at the end of 6 moths? What kind of annuity is described in the problem? A.Annuity Due B.Ordinary annuity C.deferred annuity D.General annuity What is the answer to the question of the problem? A.P24,494.40 B.P49,494.40 C.P82,179.92. D.P90,500

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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