Mr. Smith plans to invest a money to his friends Internet café. He borrowed Php 200,000 from a lending company with an interest of 6% compounded quarterly. How much must he pay every end of three months for 3 years to pay off his debt? 21. What are the Given:
Mr. Smith plans to invest a money to his friends Internet café. He borrowed Php 200,000 from a lending company with an interest of 6% compounded quarterly. How much must he pay every end of three months for 3 years to pay off his debt?
22. Solution and answer:
After receiving his Year End Bonus, Hans wants to buy a XR150Honda Motorcycle which is at installment basis of ₱4,000 per month compounded monthly for 5% within 2 years. If the payment will start at the end of 4 months, what is the present value of the Motorcycle?
23. What are the given?
After receiving his Year End Bonus, Hans wants to buy a XR150Honda Motorcycle which is at installment basis of ₱4,000 per month compounded monthly for 5% within 2 years. If the payment will start at the end of 4 months, what is the present value of the Motorcycle?
