If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with the sales person we agreed on 10% down payment and the monthly amortization will be computed in this...


If I will loan a house and lot worth P6.3M<br>cash and with a little discussion and<br>transaction with the sales person we agreed<br>on 10% down payment and the monthly<br>amortization will be computed in this term<br>for the 25 year payment scheme, 8.5%<br>compounded monthly. What is the amount<br>of the monthly amortization I must pay in<br>pesos? What is the future worth of my<br>loan? How much interest has been<br>accumulated after 25 years?<br>

Extracted text: If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with the sales person we agreed on 10% down payment and the monthly amortization will be computed in this term for the 25 year payment scheme, 8.5% compounded monthly. What is the amount of the monthly amortization I must pay in pesos? What is the future worth of my loan? How much interest has been accumulated after 25 years?

Jun 07, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here