Alexander owes the bank P25,000.00 due in 1 year, P75,000 due in 4 years, and P30,000 semi-annual

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Alexander owes the bank P25,000.00 due in 1 year, P75,000 due in 4 years, and P30,000 semi-annual payments starting 3 years from now. He agrees to pay P50,000 today. What will the balance be with 6% annual interest after 6 years?

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Posted Date: Mar 18, 2024 03:40 PM

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Alexander owes the bank P25,000.00 due in 1 year, P75,000 due in 4 years, and P30,000 semi-annual

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Heres how to calculate the remaining balance after 6 years for Alexanders loan Step 1 Calculate the ... View the full answer

Engineering Economics

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