Dickson Patel
07/01/2024 · Senior High School
A brand new house and lot costs P5M if paid in cash. On the instalment plan, the buyer should pay \( 30 \% \) down and 20 quarterly instalments. The first payment due at the end of the 1st year. If money is worth \( 12 \% \) compounded quarterly, determine the amount of quarterly instalments. P257,069.41 P4.85M P3.5M
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The amount of each quarterly installment is approximately P235,000.00.
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