abortion
the following Problems.. (Show your solution)
Melvin availed of a loan from a bank that give him an option to pay P20,000 monthly for 2 years. The fi
payment is due after 4 months. How much is the present value of the loan if the interest rate is 10%
converted monthly?
Answer: P422,759.78
2. Mariel purchased a smart television set through the credit cooperative of their company. The cooperat
provides an option for a deferred payment. Mariel decided to pay after 2 months of purchased. Her ma
payment is computed as P3, 800 payable in 12 months. How much is the cash value of the television se
the interest rate is 12% convertible monthly?
Answer: P42, 345.84
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