Question
On January 1, year 1, a person bought an apartment for $200,000. price that must be settled in 60 monthly installments with an interest of
On January 1, year 1, a person bought an apartment for $200,000. price that must be settled in 60 monthly installments with an interest of 15% per year compounded monthly. The first monthly payment was paid one month after the date of acquisition The contract also stipulates the payment of five annuities with a value of $5 000 each, at the end of months 12, 24, 36, 48 and 60. By the beginning of the fourth year, paid 36 monthly installments and the annual ones corresponding to months 12, 24 and 36. As of In the fourth year, the interest rose to 48% per year compounded monthly. if the buyer you still want to pay annuities for months 48 and 60, in the amount of $5 000 each, what is the value of the last 24 annuities that remain to be paid to the new interest rate?
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