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24. If a car loan of P500,000 requires a 30% down payment. How much is the mortgage? A D. P680,000 A P350,000 B. P360,000 C. P670,000

24. If a car loan of P500,000 requires a 30% down payment. How much is the mortgage? A D. P680,000 A P350,000 B. P360,000 C. P670,000

Essentials Of Investments
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
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22. A business loan worth P150,000 is to repay in quarterly installment for 2 years. How much is the quarterly payment if money is worth 7% converted quarterly? A. P35,500 В. Р37,500 С. Р38,500 D. P39,50 23. Dina decided to purchase a P1,500,000 house and lot. After deducting the down payment, the mortgage amount is P1,000,000. If the interest is at 10% compounded monthly, how much is the monthly installment if they plan to amortize the loan in 25 years? A. P9,000.25 B. P9,031.25 C. P9,051.25 D. P9,061.25 24. If a car loan of P500,000 requires a 30% down payment. How much is the mortgage? Д 350,000 B. P360,000 C. P670,000 D. P680,000
Transcribed Image Text:22. A business loan worth P150,000 is to repay in quarterly installment for 2 years. How much is the quarterly payment if money is worth 7% converted quarterly? A. P35,500 В. Р37,500 С. Р38,500 D. P39,50 23. Dina decided to purchase a P1,500,000 house and lot. After deducting the down payment, the mortgage amount is P1,000,000. If the interest is at 10% compounded monthly, how much is the monthly installment if they plan to amortize the loan in 25 years? A. P9,000.25 B. P9,031.25 C. P9,051.25 D. P9,061.25 24. If a car loan of P500,000 requires a 30% down payment. How much is the mortgage? Д 350,000 B. P360,000 C. P670,000 D. P680,000
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