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Annuities and Conversion Quiz

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Questions and Answers

What is the cash price of the kitchen appliance?

₱285,816.32

₱4500

₱16,612.54 (correct)

₱900,000

What is the interest rate used in the calculation?

7% (correct)

How often are the payments made for the kitchen appliance?

Annually

Quarterly (correct)

Monthly

Bi-annually

What is the formula to solve for the periodic payment given future value?

<p>$R = rac{A}{r} rac{1+m^{-1}}{(1+r/m)^{mt} - 1}$</p> Signup and view all the answers

How much must Mr. Mich set aside at the end of every six months?

<p>To be calculated using the given formula</p> Signup and view all the answers

Annuities and Conversion Quiz

Choose a study mode

Podcast

Questions and Answers

What is the cash price of the kitchen appliance?

What is the interest rate used in the calculation?

How often are the payments made for the kitchen appliance?

What is the formula to solve for the periodic payment given future value?

How much must Mr. Mich set aside at the end of every six months?

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