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    Michelle Gozon
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    Vevienne bought a house and lot for 1,500,000 but paid in installments. She paid 500,000 as a downpayment, 300,000 after the first year, and 400,000 after the second year but did not pay in the third year. The question asks to calculate the final payment if the annual interest is 14%.

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    Vevienne bought a house and lot for 1,500,000 but paid in installments. She paid 500,000 as a downpayment, 300,000 after the first year, and 400,000 after the second year but did not pay in the third year. The question asks to calculate the final payment if the annual interest is 14%.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    14 views1 page

    Sample Problem

    Uploaded by

    Michelle Gozon
    Vevienne bought a house and lot for 1,500,000 but paid in installments. She paid 500,000 as a downpayment, 300,000 after the first year, and 400,000 after the second year but did not pay in the third year. The question asks to calculate the final payment if the annual interest is 14%.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    VEVIENNE BUYS A HOUSE AND LOT WORTH 1,500,000 IF PAID IN CASH.

    ON INSTALLMENT BASIS, SHE PAYS 500,000 DOWNPAYMENT; 300,000 AT


    THE END OF THE 1ST YEAR; 400,000 AT THE END OF THE 2ND YEAR; DID
    NOT PAY ON THE 3RD YEAR AND A FINAL PAYMENT ON THE 4TH YEAR.
    HOW MUCH IS THE FINAL PAYMENT IF THE INTEREST IS 14% PER
    ANNUM?

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