4.) Engr. Tiu will buy a house with a price of 5million if paid in cash. If he wants itfully paid in 10years with an interest of 10% compounded weekly. How muchmust he pay every week? ANSWER: A = 15,219.82465.) Engr. Kirk plans to buy a gaming rig with a total amount of P150,000. If hewant to pay this every month partially for 4 years with an interest of 4%. Howmuch will he pay every month? ANSWER: A = 7077.0971

A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity is…

4.) Engr. Tiu will buy a house with a price of 5million if paid in cash. If he wants it fully paid in 10years with an interest weekly. How much of 10% compounded A = 15,219.8246 must he pay every week? ANSWER:

4.) Engr. Tiu will buy a house with a price of 5million if paid in cash. If he wants it fully paid in 10years with an interest weekly. How much of 10% compounded A = 15,219.8246 must he pay every week? ANSWER:

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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4.) Engr. Tiu will buy a house with a price of 5million if paid in cash. If he wants it
fully paid in 10years with an interest of 10% compounded weekly. How much
must he pay every week? ANSWER: A = 15,219.8246
5.) Engr. Kirk plans to buy a gaming rig with a total amount of P150,000. If he
want to pay this every month partially for 4 years with an interest of 4%. How
much will he pay every month? ANSWER: A = 7077.0971

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