1. A house and lot can be acquired to a down payment of P500,000 and a yearly payment of P100,000 at the end of each year for a period of 10 years, starting at the end of 5 years from the date of purchase. If money is worth 14% cpmpounded annually, what is the cash price of the property and construct and amortization table
1. A house and lot can be acquired to a down payment of P500,000 and a yearly payment of P100,000 at the end of each year for a period of 10 years, starting at the end of 5 years from the date of purchase. If money is worth 14% cpmpounded annually, what is the cash price of the property and construct and amortization table
2. The will of a wealthy philanthropist left P 5,000,000 to establish a perpetual charitable foundation. The foundation trustees decided to spend P1,200,000 to provide facilities immediately and to provide P100,000 of capital replacement at the end of each 5-years period. If the invested funds earned 12% per annum, what would be the year end amount available in perpetuity from the endownment for charitable purposes?
a) P 320, 859 c) P 690,2218
b) P 440,259 d) P 530,100
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