Mr bajada php.200.000 as down payment for a farm the remaining amount liability is to be settled by paying php 16.200 at end of month for 5 years if interest is 5%compound semi - annually what is case price of his farm hint cash price =down payment +present VALUE?
1159877.764 is the answer. This is general annuity so get the equivalent interest rate. then Solve for P. substitute the given values and then add the downpayment which is 200000.
