Engr. Sison borrows P100,000 at 10% effective annual interest. He must pay back the loan over 30 years with uniform monthly payment due on the first day of each month. What does Engr. Sison pay each month? Instead of paying P100,000 in an annual rent for office space at the beginning of each year for the next 10 years, an engineering firm has decided to take out a 10-year P1,000,000 loan for a new building at 6% interest. The firm will invest P100,000 of the rent saved and earn 18% annual interest on that amount. What will be the difference between the firm's annual revenue and expense?

Answer rating: 100% (QA)

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