A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of P200,000; P300,000 at the end of one year; P400,000 at the end of three years, and a final payment at the end of five years. What was the final payment if interest was 20.4%? Express your answer in whole number.
A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of P200,000; P300,000 at the end of one year; P400,000 at the end of three years, and a final payment at the end of five years. What was the final payment if interest was 20.4%? Express your answer in whole number.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of P200,000; P300,000 at the end of one year; P400,000 at the end of three years, and a final payment at the end of five years. What was the final payment if interest was 20.4%?
Express your answer in whole number.
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