Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% compounded monthly?

Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% compounded monthly?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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Mrs. Dollie availed a cash loan that gave her an option to pay Php10,000 monthly for one
year. The first payment is due after 6 months. How much is the present value of the loan if
the interest rate is 12% compounded monthly?
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