A company borrowed P15000 two years ago. The terms of the loan are 10% interest for 10 year: with uniform payments. The company has just made its second annual payment. How much principal does the company owes to the loaner?

A company borrowed P15000 two years ago. The terms of the loan are 10% interest for 10 year: with uniform payments. The company has just made its second annual payment. How much principal does the company owes to the loaner?

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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ENGINEERING ECONOMICS: ANNUITY. Show complete solution and INCLUDE CASH FLOW DIAGRAM. Write legibly

3. A company borrowed P15000 two years ago. The terms of the loan are 10% interest for 10 years
with uniform payments. The company has just made its second annual payment. How much
principal does the company owes to the loaner?

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