Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one yeal, 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 16.3%? Express your answer in whole number.

Question 7 A man bought a lot worth P1.1M if paid in cash. On the installment basis, he paid a down payment of P200,000, P300,000 at the end of one yeal, 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 16.3%? Express your answer in whole number.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 12P

See similar textbooks

Similar questions

Mr. Giu invested P 102,200.00 in savings account. After 2 years, he deposited an amount of P 8,500. After 4 years from where he started saving, he deposited another P 73, 550 in the same savings account and left it for 5 years at which time an amount of P105, 600 is withdrawn. If the bank offered him a money worth of 8% compounded every two months, what will be his withdrawal amount at the end of 12 years?
Find the answers of the following: 1. Mr. Reyes borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment? 2. The purchased price of the equipment is P12,000 and its estimated maintenance costs are P500 for the first year, P1,500 for the second year, and P2,500 for the third year. After three years of use the equipment is replaced, it has no salvage value. Compute the present equivalent cost of the equipment using 10% interest. (capitalized cost) 3. Determine the present worth and the accumulated amount of an annuity consisting of 6 payments of P120,000 each. The payment are made at the beginning of each year and money is worth 15% compounded annually.
2. A businessman engineer loaned P 100,000 at 14% interest and paid P 1,600 per annum for the last 8 years. What does he have to pay at the end of the tenth year in order to pay off his loan?
A man bought a lot worth P2.5M 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 15.6%?
Jake borrowed P750, 000 from a credit union to purchase a used car. The interest rate on the loan is 0.25% per month and he will make a total of 36 monthly payments. What is his monthly payment?
A house costs P500,000 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years to discharge all his liabilities at 7% compounded annually. Find the annual payment which may be made for 6 years.
If the principal is P 124,860 and the future value is P 182,568, what is the value of the single payment present worth factor?
Mr. Santos borrowed P30,000.00 two years ago. The terms of the loan are 8% interest for 8 years with uniform payments. He just made his second annual payment. How much principal does he still owe?
Mrs. X has just purchased a new car for 1M. She makes a down payment of 30% of the negotiated price and then makes payments of P15,000 per month thereafter for 60 months. Furthermore, she believes the car can be sold for P750,000 at the end of 3 years. Draw a cash flow diagram of this situation from Mrs. X’s point of view.
1. Mr. Nara borrows P600,000 at 12% compounded annually agreeing to repay the loan in 15 equal payments. How much of the original principal is still unpaid after he has made the 8th payment? 2. The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at the end of 10 years, is P187,481.25. Find the value of “P” if money is worth 5% 3. Find the present value of an annuity of P30,000 payable annually for 10 years with the first payment at the end of the 10th year, if the money is worth 8% compounded annually.
John bought a car with cash value of P15,294 on the installment plan under the following terms: P4,312 cash upon delivery and the balance payable in 12 equal monthly payments. Assuming money is worth 5.23% compounded quarterly. What is his monthly payments? How much is his remaining debt at the end of eight months? pls provide the cash flow. thanks
8. A business invests P 10,000 today to be repaid in 5 years in one lump sum at 12% compounded annually. How much profit in present-day pesos is realized? 9. Edward wants to have P 3500000 in 50 years. He invests in a trust fund paying an average of 10% annually compounded quarterly. How much should he deposit in his trust fund?