A man bought a lot worth P1,000,000 if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one year; P400,000 ať the end of three years and a final payment at the and of five years, What was the final payment if interest was 20%? P 1M 1 2 4 5 3.

A man bought a lot worth P1,000,000 if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one year; P400,000 ať the end of three years and a final payment at the and of five years, What was the final payment if interest was 20%? P 1M 1 2 4 5 3.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A man bought a lot worth P1,000,000 if paid in cash. On the installment
basis, he paid a down payment of P200,000, P300,000 at the end of
one year; P400,000 ať the end of three years and a final payment at the
and of five years, What was the final payment if interest was 20%?
P 1M
1
2
3
4
5

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