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If her annual premium is P40 000 for 10 years, what single amount should your aunt invest today instead of an annuity? Assume that the
If her annual premium is P40 000 for 10 years, what single amount should your aunt invest today instead of an annuity? Assume that the interest rate is 4% compounded monthly.
Your sister bought a condominium unit for P9 300 000 through a condominium loan which she availed of from a universal bank at a fixed annual rate of 8% for 10 years. What amount is financed by the bank if she is required to pay an equity of 30% of the total price of the condominium?
Your sister bought a condominium unit for P9 300 000 through a condominium loan which she availed of from a universal bank at a fixed annual rate of 8% for 10 years. How much would be your sisters monthly amortization if she is required to pay an equity of 30% of the total price of the condominium?
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