84. A house costs P400,000 cash. A purchaser will pay it through the following: P90,000 cash, - P60,000 at the end of 2 years, and 6 equal annual payments starting with one at the end of 4 years Find the annual payment which must be made for 6 years to discharge all his liabilities to the principal and interest (interest rate at 7% compounded annually) a. P 60.003 21

84. A house costs P400,000 cash. A purchaser will pay it through the following: P90,000 cash, - P60,000 at the end of 2 years, and 6 equal annual payments starting with one at the end of 4 years Find the annual payment which must be made for 6 years to discharge all his liabilities to the principal and interest (interest rate at 7% compounded annually) a. P 60.003 21

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 1CQQ

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Similar questions

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