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Josh sold a piece of property for P1 300 000. A down pyment of P500 000 was made and the remainder was to be paid
Josh sold a piece of property for P1 300 000. A down pyment of P500 000 was made and the remainder was to be paid in equal installments, the first is due 3 months after the date of sale. The interest was 15% compounded quarterly, and the debts was to be amortized in 7 years. A. WHAT QUARTERLY PAYMENT IS REQUIRED? B. WHAT WILL BE THE TOTAL OF PAYMENT? C. HOW MUCH INTEREST WILL BE PAID? D. WHAT IS THE TOTAL COST OF THE PROPERTY
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