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A house costs P450,000 cash. A purchaser will pay it through the following: P90,000 cash P60,000 at the end of 2 years, and 7 equal
A house costs P450,000 cash. A purchaser will pay it through the following: P90,000 cash P60,000 at the end of 2 years, and 7 equal annual payments starting with one at the start of each year on beginning year 4 Find the annual payment which must be made for 7 years to discharge all his liabilities to the principal and interest (interest rate at 7% compounded annually). O P70,456.24 OP 76,204.14 O P 65,345.16 O P 65,003-21
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