A man bought a highly sophisticated set of computer worth P 599,209, which will last for 8 . The interest rate is 24% compounded annually, find the accumulated depreciation on the 3th year, using the Sinking Fund Method?
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
A man bought a highly sophisticated set of computer worth P 599,209, which will last for 8 . The interest rate is 24% compounded annually, find the accumulated
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