A motorcycle is for sale ₱ 60.500 cash or on installment terms ₱ 3,000 per month for 2 years at 12% compounded annually. if you were the buyer, what would you prefer, cash or installment?
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A motorcycle is for sale ₱ 60.500 cash or on installment terms ₱ 3,000 per month for 2 years at 12% compounded
Answer:
cash because you can save more here and you dont have to worry about bills per month.