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You save Php 4,500 semi-monthly to raise money for a 15% down payment of your condo. How much is the price of the dream house if you saved it in your piggy bank for 4 2/3 years to pay for the said down payment? Compute for the cost of financing if you plan to finance the remaining balance for 25yrs at 6 % %. Make a promissory note if this home loan of yours will be granted by PAG-IBIG only if its monthly amortization will not exceed Php15,500 and prepare for repayment schedule for the 1st 5 payments commencing June 2023. Will PAG-IBIG grant the loan? Explain. Real-Estate Amortization Table (Principal and Interest Per Thousand Pesos Borrowed) Terms in Years 10 15 20 25 30 11.35 8.71 7.46 6.75 6.32 % 11.48 8.85 7.60 6.91 6.49 7% 11.62 8.99 7.76 7.07 6.66 96 11.75 9.13 7.91 7.23 6.83 7/3/% 11.88 9.28 8.06 7.39 7.00 7-% 12.01 9.42 8.21 7.56 7.17 8% 12.14 9.56 8.37 7.72 7.34 12.27 9.71 8.53 7.89 7.52 12.40 9.85 8.68 8.06 7.69 9% 12.67 10.15 12.54 10.00 8.84 8.23 7.87 9.00 8.40 12.81 8.05 Terms in Years 10 10.30 9.16 8.57 248 8.23 15 20 25 30 You save Php 4,500 semi-monthly to raise money for a 15% down payment of your condo. How much is the price of the dream house if you saved it in your piggy bank for 4 2/3 years to pay for the said down payment? Compute for the cost of financing if you plan to finance the remaining balance for 25yrs at 6 % %. Make a promissory note if this home loan of yours will be granted by PAG-IBIG only if its monthly amortization will not exceed Php15,500 and prepare for repayment schedule for the 1st 5 payments commencing June 2023. Will PAG-IBIG grant the loan? Explain. Real-Estate Amortization Table (Principal and Interest Per Thousand Pesos Borrowed) Terms in Years 10 15 20 25 30 11.35 8.71 7.46 6.75 6.32 % 11.48 8.85 7.60 6.91 6.49 7% 11.62 8.99 7.76 7.07 6.66 96 11.75 9.13 7.91 7.23 6.83 7/3/% 11.88 9.28 8.06 7.39 7.00 7-% 12.01 9.42 8.21 7.56 7.17 8% 12.14 9.56 8.37 7.72 7.34 12.27 9.71 8.53 7.89 7.52 12.40 9.85 8.68 8.06 7.69 9% 12.67 10.15 12.54 10.00 8.84 8.23 7.87 9.00 8.40 12.81 8.05 Terms in Years 10 10.30 9.16 8.57 248 8.23 15 20 25 30
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