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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: EM132835770

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