Question: math Solve the following problems. Show the complete solution. 1. Alden purchased 1420 shares of AUS Inc. common stock at P8,500 per share. A fow
Solve the following problems. Show the complete solution. 1. Alden purchased 1420 shares of AUS Inc. common stock at P8,500 per share. A fow months later, she sold the shares at P10,000. Her stockbroker charges 6% commission on round lots and 8% on odd lots. Calculate the a. Total Cost b. The proceeds c. The gain or loss on the transaction 2. The purchase price of a home in a subdivision in Makati City is P6,400,000. A down payment of 30% is made and secures a loan on the remaining balance for 20 years at an annual interest rate of 8%. Find a. The monthly mortgage payment b. The total payment over the life of the loan. c. The amount of interest paid on the loan over the 25 years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
