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Questions and Answers
What is the cash price of the kitchen appliance?
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?
What is the interest rate used in the calculation?
- 6%
- 7% (correct)
- 4%
- 3%
How often are the payments made for the kitchen appliance?
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?
What is the formula to solve for the periodic payment given future value?
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How much must Mr. Mich set aside at the end of every six months?
How much must Mr. Mich set aside at the end of every six months?
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