An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision Time left 0 Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and lot. Further he will be obliged to pay it over 30 years. Though his monthly amortization does not look much as a burden to his income, what is the annual rate? O a i = 4.246% b. i=4.826% Oc. i 4.626% di=4.426%
An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision Time left 0 Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and lot. Further he will be obliged to pay it over 30 years. Though his monthly amortization does not look much as a burden to his income, what is the annual rate? O a i = 4.246% b. i=4.826% Oc. i 4.626% di=4.426%
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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![Time left 0:18
An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision T
Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and
lot. Further he will be obliged to pay it over 30 years. Though his monthly
amortization does not look much as a burden to his income, what is the annual
rate?
O a. i 4.246%
b. i 4.826%
Oc. i 4.626%
O d. i 4.426%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16f3b25f-63aa-4d09-8727-3b38dd165a5c%2F54521f71-c6ec-490b-8eca-afc0426680f6%2F97dixpj_processed.png&w=3840&q=75)
Transcribed Image Text:Time left 0:18
An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision T
Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and
lot. Further he will be obliged to pay it over 30 years. Though his monthly
amortization does not look much as a burden to his income, what is the annual
rate?
O a. i 4.246%
b. i 4.826%
Oc. i 4.626%
O d. i 4.426%
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