Show cashflow diagram and solution (not on ms excel pls) a loan association lends money at the rate of 15% compounded semiannually. A man borrows P50,000 payable in 16 semiannual installments, the first payment due at the end of two years reckoned from the date of the loan. how much is each of the semiannual installments?
Show cashflow diagram and solution (not on ms excel pls) a loan association lends money at the rate of 15% compounded semiannually. A man borrows P50,000 payable in 16 semiannual installments, the first payment due at the end of two years reckoned from the date of the loan. how much is each of the semiannual installments?
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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Show cashflow diagram and solution (not on ms excel pls)
a loan association lends money at the rate of 15% compounded semiannually. A man borrows P50,000 payable in 16 semiannual installments, the first payment due at the end of two years reckoned from the date of the loan. how much is each of the semiannual installments?
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