5 Questions
What is the cash price of the kitchen appliance?
₱16,612.54
What is the interest rate used in the calculation?
7%
How often are the payments made for the kitchen appliance?
Quarterly
What is the formula to solve for the periodic payment given future value?
$R = rac{A}{r} rac{1+m^{-1}}{(1+r/m)^{mt} - 1}$
How much must Mr. Mich set aside at the end of every six months?
To be calculated using the given formula
Test your knowledge of general annuities and their conversion to simple annuities with this quiz. Explore the concepts of payment intervals and compounding periods in business mathematics.
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