An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.14.

An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.14.

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Chapter1: Making Economics Decisions

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Question

An amortization
of a debt is in a form of a
gradient series of P10,000 on the first year,
P9,500 on the second year, P9,000 on the
third year, P8,500 on the fourth year.
Determine the future amount of the
amortization if interest is 0.14.

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