1. A man paid 10% down-payment of P200000 for a house and lot and agreed to pay the 90% balance on monthly installment for 60 months at an interest rate of 15% compounded monthly. Compute the amount of the monthly payment.
1. A man paid 10% down-payment of P200000 for a house and lot and agreed to pay the 90% balance on monthly installment for 60 months at an interest rate of 15% compounded monthly. Compute the amount of the monthly payment.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Pls show the given and the solution not excel thanks! ALSO SHOW THE CASH FLOW
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