Lia plans to buy a house for Php 154482. She wants to make a down payment of Php 24028 and to take out a 29-year mortgage for the remaining amount. If money is compounded monthly at 6.64%, how much must she pay each month?
Lia plans to buy a house for Php 154482. She wants to make a down payment of Php 24028 and to take out a 29-year mortgage for the remaining amount. If money is compounded monthly at 6.64%, how much must she pay each month?
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 26P
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Lia plans to buy a house for Php 154482. She wants to make a down payment of Php 24028 and to take out a 29-year mortgage for the remaining amount. If money is compounded monthly at 6.64%, how much must she pay each month?
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