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Your buyer bought a 200sqm subdivision lot at P3,000/sqm. He paid 25% down payment. The balance is payable in 120 amortizations at 21% per annum.
- Your buyer bought a 200sqm subdivision lot at P3,000/sqm. He paid 25% down payment. The balance is payable in 120 amortizations at 21% per annum. He has paid 84 monthly amortizations totalling P737,612.20 inclusive of penalty interest of P32,000.Compute for him his Cash surrender Value under the Maceda Law.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
