Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A certain loan association has invested P 500,000 in 3 different
transactions. First investment is in real earning 9% interest
annually; second investment is in loans earning 6% annually,
and the 3rd investment in bonds earning 4% annually. The total
annual income in interest is P 34,000, but the annual interest in
loans is 3 times that in bonds. How much in the investment in
real Estate? PAST ECE BOARD
150000
c. 200000
а.
b.
180000
d. 125000
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Transcribed Image Text:A certain loan association has invested P 500,000 in 3 different transactions. First investment is in real earning 9% interest annually; second investment is in loans earning 6% annually, and the 3rd investment in bonds earning 4% annually. The total annual income in interest is P 34,000, but the annual interest in loans is 3 times that in bonds. How much in the investment in real Estate? PAST ECE BOARD 150000 c. 200000 а. b. 180000 d. 125000
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