SAT, 09.12.2021 01:00 maddietomlinson113
An appliance is for sale at either (a) ₱15,999 cash or (b) on terms, ₱1,499 each month for the next 12 months. Money is 9% compounded monthly. Which is lower, the cash price or the present value of the installment terms? if you were the buyer, what would you prefer, cash or installment?.
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An appliance is for sale at either (a) ₱15,999 cash or (b) on terms, ₱1,499 each month for the next...
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