An Engineer bought a house and lot for which he paid 10% down-payment, worth 200,000 Pesos; and will pay the balance in monthly installments (every end of the month) at an interest rate of 15%. Solve for the amount that will be paid monthly. payment period is for 60 months. 42,800 Pesos 48,800 Pesos 82,800 Pesos 28,800 Pesos
An Engineer bought a house and lot for which he paid 10% down-payment, worth 200,000 Pesos; and will pay the balance in monthly installments (every end of the month) at an interest rate of 15%. Solve for the amount that will be paid monthly. payment period is for 60 months. 42,800 Pesos 48,800 Pesos 82,800 Pesos 28,800 Pesos
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An Engineer bought a house and lot for which he paid 10% down-payment, worth 200,000 Pesos; and will pay the balance in monthly installments (every end of the month) at an interest rate of 15%. Solve for the amount that will be paid monthly. payment period is for 60 months.
42,800 Pesos
48,800 Pesos
82,800 Pesos
28,800 Pesos
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