The buyer of a lot pays P10,000 every month for 10 years. If the money is 8% compounded annually, ho

Discussion in 'Calculator Requests' started by math_celebrity, Jan 30, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    The buyer of a lot pays P10,000 every month for 10 years. If the money is 8% compounded annually, how much is the cash value of the lot? (use j= 0.006434, n=120)

    Using our compound interest calculator, we get:
    22,196.40
     

Share This Page