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Engineering Taylan bought a piece of land with an area of 2,000 sq m. worth P1,000,000.00. He gave a 30% downpayment and the balance to be paid for 10 years with the following terms: 1. P50,000 to be paid at the beginning of the 3rd yr. 2. P100,000 to be paid at the beginning of the 6th yr. 3. The last payment to be paid at the end of the 10th year. If i= 6% compounded quarterly, how much is his last payment? O P6,150,181.82 O P6, 133,862.71 P6, 147,120.00 O P6, 118,900.00

Engineering Taylan bought a piece of land with an area of 2,000 sq m. worth P1,000,000.00. He gave a 30% downpayment and the balance to be paid for 10 years with the following terms: 1. P50,000 to be paid at the beginning of the 3rd yr. 2. P100,000 to be paid at the beginning of the 6th yr. 3. The last payment to be paid at the end of the 10th year. If i= 6% compounded quarterly, how much is his last payment? O P6,150,181.82 O P6, 133,862.71 P6, 147,120.00 O P6, 118,900.00

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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Engineering Taylan bought a piece of land with an area of 2,000 sq m. worth P1,000,000.00. He gave a 30% downpayment and the balance to be paid for 10 years with the following terms: 1. P50,000 to be paid at the beginning of the 3rd yr. 2. P100,000 to be paid at the beginning of the 6th yr. 3. The last payment to be paid at the end of the 10th year. If i= 6% compounded quarterly, how much is his last payment? P6,150,181.82 P6, 133,862.71 P6, 147,120.00 P6, 118,900.00
Transcribed Image Text:Engineering Taylan bought a piece of land with an area of 2,000 sq m. worth P1,000,000.00. He gave a 30% downpayment and the balance to be paid for 10 years with the following terms: 1. P50,000 to be paid at the beginning of the 3rd yr. 2. P100,000 to be paid at the beginning of the 6th yr. 3. The last payment to be paid at the end of the 10th year. If i= 6% compounded quarterly, how much is his last payment? P6,150,181.82 P6, 133,862.71 P6, 147,120.00 P6, 118,900.00
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