A house and lot costing P2 million was brought at a downpayment of P500,000. He paid P1 million after 1 year and the remaining balance after 3 years. How much was the payment after 3 years if the interest rate is 24% compounded annually?

A house and lot costing P2 million was brought at a downpayment of P500,000. He paid P1 million after 1 year and the remaining balance after 3 years. How much was the payment after 3 years if the interest rate is 24% compounded annually?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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