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 c. 200000 d. 125000 а. 150000 b. 180000

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 c. 200000 d. 125000 а. 150000 b. 180000

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 21PROB

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