Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one yeal, P400,000 at the end of three years, and a final payment at the end of five years., What was the final payment if interest was 16.3%? Express your answer in whole number.
Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one yeal, P400,000 at the end of three years, and a final payment at the end of five years., What was the final payment if interest was 16.3%? Express your answer in whole number.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:Question 7
A man bought a lot worth P1.1M 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 at the end of three years, and a final payment at the end of five years. What was the final payment if interest was 16.3%?
Express your answer in whole number.
Question 7 of 50
A Moving to another question will save this response.
acer
F10
F11
F12
PrtSc
Pause
Del
Home
Pg Up
F4
F5
F6
F7
F8
F9
F2
F3
Scr Lk
SysRq
Break
Ins
Coca'
&
%23
-Backspace
Nuc
Lo
4.
€
6.
7
8
E
R
T
Y
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.Recommended textbooks for you


Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON

Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning


Structural Analysis (10th Edition)
Civil Engineering
ISBN:
9780134610672
Author:
Russell C. Hibbeler
Publisher:
PEARSON

Principles of Foundation Engineering (MindTap Cou…
Civil Engineering
ISBN:
9781337705028
Author:
Braja M. Das, Nagaratnam Sivakugan
Publisher:
Cengage Learning

Fundamentals of Structural Analysis
Civil Engineering
ISBN:
9780073398006
Author:
Kenneth M. Leet Emeritus, Chia-Ming Uang, Joel Lanning
Publisher:
McGraw-Hill Education


Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning