fbpx

Solution: What is her yearly amortization if all payments are to be made at the beginning of each year?

(Last Updated On: December 8, 2017)

What is her yearly amortization if all payments are to be made at the beginning of each year?

Problem Statement:

A housewife bought a brand new washing machine costing P12,000 if paid in cash. However, she can purchase it on installment basis to be paid within 5 years. If money is worth 8% compounded annually, what is her yearly amortization if all payments are to be made at the beginning of each year?

  • A. P2,617.65
  • B. P2,782.93
  • C. P2,890.13
  • D. P2,400.00

Problem Answer:

The yearly amortization if all payments are to be made at the beginning of each year is P2,400.00.

Solution:

Solution: What is her yearly amortization if all payments are to be made at the beginning of each year?

Latest Problem Solving in Engineering Economics (Annuity, Depreciation, Bonds, Breakeven, etc.)

div.feedburnerFeedBlock ul li {background: #E2F0FD;
list-style-type: none;
margin:0 0 5px 0px;
padding:5px 5px 5px 10px !important;
border: 1px solid #0080ff;
border-radius:8px;
-moz-border-radius:8px;
-webkit-border-radius:8px;

}

div.feedburnerFeedBlock ul li:hover {
background:#ffffff;
}

div.feedburnerFeedBlock ul li a{
color:#ffffff;
text-decoration:none;
}

div.feedburnerFeedBlock ul li a:hover {
text-decoration: underline;
color: #000000;
}
div #creditfooter{
display: none;
}

More Questions in: Engineering Economics (Annuity, Depreciation, Bonds, Breakeven, etc.)

Online Questions and Answers in Engineering Economics (Annuity, Depreciation, Bonds, Breakeven, etc.)

Rate this:

2 Comments

  1. Vince
  2. engr

Add Comment

© 2014 PinoyBIX Engineering. © 2019 All Rights Reserved | How to Donate? | Follow me on Blogarama DMCA.com Protection Status
mcq in computer fundamentals
➡️ MCQ in Computer Fundamentals Series | ECE Board Exam
mcq in industrial electronics
➡️ MCQ in Industrial Electronics Series | ECE Board Exam
MCQ in Power Generators (Cells and Batteries) Part 5 | ECE Board Exam
➡️ MCQ in Power Generators, Sources, Principles, Applications Series | ECE Board Exam
mcq in electrical circuit
➡️ MCQ in Electrical Circuit Series | ECE Board Exam

NEED SUPPORT: LIKE MY PAGE & SHARE