General Annuity Problem 2. Mrs. Remoto would like to buy a television (TV) set payable for 6 months starting at the end of the month. How much is the cost of the TV set if her monthly payment is P3,000 and interest is 9% compounded semiannually?
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- Monthly payment (\(PMT\)) = P3,000 - Number of payments (\(n\)) = 6 months - Nominal interest rate (\(i\)) = 9% compounded semiannually Show more…
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