An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision Time left 0 Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and lot. Further he will be obliged to pay it over 30 years. Though his monthly amortization does not look much as a burden to his income, what is the annual rate? O a i = 4.246% b. i=4.826% Oc. i 4.626% di=4.426%

An entrepreneur will buy a house and lot worth P850,000.00 in a subdivision Time left 0 Mandaluyong City. His carrying charge is P54,200.00 to the price of this house and lot. Further he will be obliged to pay it over 30 years. Though his monthly amortization does not look much as a burden to his income, what is the annual rate? O a i = 4.246% b. i=4.826% Oc. i 4.626% di=4.426%

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 18PROB

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