English, asked by jodelyesgueraa, 24 days ago

3. If a condominium is purchased for P1,700,000 and payment, how much is the mortgaged amount?

Answers

Answered by Evyaan7
2

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mt

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mtor

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mtorFV = PV(1 + i)n

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mtorFV = PV(1 + i)nwhere i = r/m is the interest per compounding period and n = mt is the number of compounding periods.

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mtorFV = PV(1 + i)nwhere i = r/m is the interest per compounding period and n = mt is the number of compounding periods.One may solve for the present value PV to obtain:

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:FV = PV(1 + r/m)mtorFV = PV(1 + i)nwhere i = r/m is the interest per compounding period and n = mt is the number of compounding periods.One may solve for the present value PV to obtain:PV = FV/(1 + r/m)mt

Answered by βαbγGυrl
0

Answer:

The condo is worth 1.7 million. The mortage is worth 200k

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