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Question - A new brand of cell phone is for sale in SM Lucena at P13,499.00 in cash or in instalment terms, P 2,500.00 each month for the next 6 months at 9% compounded monthly.
1. If you were the buyer, what do you prefer? Cash or installment?
2. Why did you choose cash? Installment?
3. What is the advantage of choosing cash basis?
4. What is the advantage of choosing installment basis?
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