Benjie purchased a house and lot. He paid P500,000 as a down payment and was required to pay P10,000 every end of six months for the next 15 years at the rate of 10% compounded semi annually. Determine the cash value of the house and lot.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Benjie purchased a house and lot. He paid P500,000 as a down payment and was required to pay P10,000 every end of six months for the next 15 years at the rate of 10% compounded semi annually. Determine the cash value of the house and lot.

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