In 5 years, P 160,000 is needed for a building renovation. In order togenerate this amount, a sinking fund consisting of 3 end of the yearpayments is established now. For tax purposes, no further payment willbe made after 3 years. What payments are necessary if money is worth15% per annum?Select one:а. Р 38,882b. P 36,628с. Р 34,840O d. P 39,195A man bought a car for P 650,000 on an installment basis. If he paid adown payment of P 120,000 cash and proposed to pay the balance in equalmonthly payments for 2 years, what should be his monthly payment, ifinterest is at 2,5% compounded monthly?Select one:a. P 18,348b. P 24,447c. P 16,782O d. P 22,664

In 5 years, P 160,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now. For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: О а. Р 38,882 О Ь.Р 36,628 О с. Р 34,840 O d. P 39,195

In 5 years, P 160,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now. For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: О а. Р 38,882 О Ь.Р 36,628 О с. Р 34,840 O d. P 39,195

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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