An engineer is earning P18,000 a month and he can only afford to purchase a car which will require a down payment of P85,000 and a monthly amortization of 30% of his monthly salary. What would be the maximum cash value of a car he can purchase if the seller will agree to a down payment of P85,000 and the balance payable in four years at 18% per year payable in monthly basis. The first payment will be due at the end of the first month. 248,800 301,100 268,830 286,360

An engineer is earning P18,000 a month and he can only afford to purchase a car which will require a down payment of P85,000 and a monthly amortization of 30% of his monthly salary. What would be the maximum cash value of a car he can purchase if the seller will agree to a down payment of P85,000 and the balance payable in four years at 18% per year payable in monthly basis. The first payment will be due at the end of the first month. 248,800 301,100 268,830 286,360

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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