The cost of the book is P1,000,000 which will amortized for 3 years monthly but he will start paying 8 months after the loan is given and must be finished at the end of 3 years. How much is the end of month amortization? Mr. Shark deposited P40000, P50000, and P70000 at year 1, 5, and 9 which is 10% effective. Replace this by an equivalent end of month amortization for 9 years.

The cost of the book is P1,000,000 which will amortized for 3 years monthly but he will start paying 8 months after the loan is given and must be finished at the end of 3 years. How much is the end of month amortization? Mr. Shark deposited P40000, P50000, and P70000 at year 1, 5, and 9 which is 10% effective. Replace this by an equivalent end of month amortization for 9 years.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 19P

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