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
Related questions
Question
Solve for the interest rate and the effective interest. The format is already given.
![Multi Pod
ur dreamhause Amaia Scapes
mippines Realty Group
Sample Computation
Kaya ko na!
Indoor GF Area
Porch Area
Total House Area
Min Lot Area
End 25sqm
Inner 25 sqm
28sqm
25sqm
65sqm
45sqm
3sqm
Reservation Fee
Total Contract Price
Down Payment
5000 09-17522 815,400
19.999
81,540
Monthly Down Payment
6mos.
12mos.
15mos.
18mos.
12,756
6,373
5,102
4,252
Monthly Amortization after Down Payment
20yrs.
6,096
15yrs.
6,965
10yrs.
5yrs.
8,843
14,778
Cash Price = P815,400
Down payment = P81,540
Monthly payment = P14,778
Term = 5 years(60 months)
P 14,778
i-12x51
P 815,400
i
1+
12,
12
i =?
i 12
isffectire = (1+12)" - 1
ieffective
ieffective =?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdaf57eff-08a9-466e-90dc-25ac4cdf5a43%2Fb8490d6c-ecf3-4e62-95ed-a7596a968243%2Fxnx6rms_processed.png&w=3840&q=75)
Transcribed Image Text:Multi Pod
ur dreamhause Amaia Scapes
mippines Realty Group
Sample Computation
Kaya ko na!
Indoor GF Area
Porch Area
Total House Area
Min Lot Area
End 25sqm
Inner 25 sqm
28sqm
25sqm
65sqm
45sqm
3sqm
Reservation Fee
Total Contract Price
Down Payment
5000 09-17522 815,400
19.999
81,540
Monthly Down Payment
6mos.
12mos.
15mos.
18mos.
12,756
6,373
5,102
4,252
Monthly Amortization after Down Payment
20yrs.
6,096
15yrs.
6,965
10yrs.
5yrs.
8,843
14,778
Cash Price = P815,400
Down payment = P81,540
Monthly payment = P14,778
Term = 5 years(60 months)
P 14,778
i-12x51
P 815,400
i
1+
12,
12
i =?
i 12
isffectire = (1+12)" - 1
ieffective
ieffective =?
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