Solve for the interest rate and the effective interest. The format is already given. Multi Podur dreamhause Amaia Scapesmippines Realty GroupSample ComputationKaya ko na!Indoor GF AreaPorch AreaTotal House AreaMin Lot AreaEnd 25sqmInner 25 sqm28sqm25sqm65sqm45sqm3sqmReservation FeeTotal Contract PriceDown Payment5000 09-17522 815,40019.99981,540Monthly Down Payment6mos.12mos.15mos.18mos.12,7566,3735,1024,252Monthly Amortization after Down Payment20yrs.6,09615yrs.6,96510yrs.5yrs.8,84314,778Cash Price = P815,400Down payment = P81,540Monthly payment = P14,778Term = 5 years(60 months)P 14,778i-12x51P 815,400i1+12,12i =?i 12isffectire = (1+12)" - 1ieffectiveieffective =?

Answered: Image /qna-images/answer/b8490d6c-ecf3-4e62-95ed-a7596a968243.jpg

Answered: -12x5 P 14,778 i 12 1-(1+ P 815,400 12)…

Business

Finance

-12x5 P 14,778 i 12 1-(1+ P 815,400 12) i =? i 12 ieffective (1+ ) - 1| 12/ leffective =?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 4.5C

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Question

Solve for the interest rate and the effective interest. The format is already given.

Multi Pod
ur dreamhause Amaia Scapes
mippines Realty Group
Sample Computation
Kaya ko na!
Indoor GF Area
Porch Area
Total House Area
Min Lot Area
End 25sqm
Inner 25 sqm
28sqm
25sqm
65sqm
45sqm
3sqm
Reservation Fee
Total Contract Price
Down Payment
5000 09-17522 815,400
19.999
81,540
Monthly Down Payment
6mos.
12mos.
15mos.
18mos.
12,756
6,373
5,102
4,252
Monthly Amortization after Down Payment
20yrs.
6,096
15yrs.
6,965
10yrs.
5yrs.
8,843
14,778
Cash Price = P815,400
Down payment = P81,540
Monthly payment = P14,778
Term = 5 years(60 months)
P 14,778
i-12x51
P 815,400
i
1+
12,
12
i =?
i 12
isffectire = (1+12)" - 1
ieffective
ieffective =?

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