What is the present value of the installment

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Question - A television set is for sale at Php 13,499.00 in cash or on installment terms, Php 2,500.00 each month for the next 6 months at 9% compounded annually.

(a) What is the present value of the installment?

(b) If you are the buyer, which one is better?

Reference no: EM132823418

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