[Answer] An appliance is for sale at either (a) ₱15,999 cash or (b) on terms, ₱1,499 each month for the next

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?.

The correct solution for this question has not been shared yet. The most appropriate solution is searched by our moderators and answers for all questions continue to be shared. You can help us by giving your comments to solve this problem.

CategoriesUncategorized

Leave a Reply

Your email address will not be published.