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QUIZ: Annuity If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with the sales person we

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QUIZ: Annuity

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If I will loan a house and lot worth P6.3M cash and with a little discussion and transaction with the sales person we agreed on 10% down payment and the monthly amortization will be computed in this term for the 25 year payment scheme, 8.5% compounded monthly. What is the amount of the monthly amorzation I must pay in pesos? What is the future worth of my loan? How much interest has been accumulated after 25 yea rs

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