Mathematics, 05.03.2021 14:00 ElPaisaJuan

An appliance is for sale at either (a) P15,999 cash or (b) on terms, P1,499 each month for the next 12 months. Money is 9% compounded monthly. Which is lower, the cash price or the present value of the installment terms? Explain.

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More questions: Mathematics Another questions

An appliance is for sale at either (a) P15,999 cash or (b) on terms, P1,499 each month for the next 12 months. Money is 9% compounded monthly. Which is lower, the cash price or the present value of the installment terms? Explain.​

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Another question on Mathematics

An appliance is for sale at either (a) P15,999 cash or (b) on terms, P1,499 each month for the next 12 months. Money is 9% compounded monthly. Which is lower, the cash price or the present value of the installment terms? Explain.