Answer to Question #162525 in Financial Math for Suni

Question #162525

An appliance is being paid three months at 1230 pesos for 3 years and 6 months, if the money is worth 9% compounded quarterly what is its fair market value?

Expert's answer

"=1230(1+6.5\/4\/100)4*15"

"=1230(1.01625)14"

=1541.39

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