Josh sold a piece of property for P1,300,000. A down payment of P500,000 was made and the remainder was to be paid in equal installments, the first is due 3 months after the date of sale. The interest was 15% compounded quarterly, and the debts was to be amortized in 7 years.
A. What quarterly payment is required?
B. What will be the total of payment?
C. How much interest will be paid?
D. What is the total cost of the property?

Answer rating: 100% (QA)

The answer is as follows A Amount loaned sale price of property down payment 1300000 ... View the full answer