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5. Mrs Martin purchased a condominium unit and agrees to pay P200 000 cash and P40 000 every 3 months for 5 years. What
5. Mrs Martin purchased a condominium unit and agrees to pay P200 000 cash and P40 000 every 3 months for 5 years. What is the cash price of the condominium unit if money is worth 10 %% compounded quarterly? 6. Leander borrows P200 000 and agrees to pay the principal and interest by making equal payments at the end of every 6 months for 4 years. Find his semi annual payments if the lender charges 12% compounded semi annually. 7. Create an amortization schedule for #6.
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