A person buys a piece of lot for P100,000 down payment and 10 deferred semiannual payments of P8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semiannually

A person buys a piece of lot for P100,000 down payment and 10 deferred semiannual payments of P8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semiannually

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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