Mr. and Mrs. Martin bought a house and lot worth ₱675,000.00 at Villa Calamba. They made an initial payment of ₱30,000.00. How much will the yearly amortization be if they agreed to pay for 15 years?
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Answer:
675,000-30,000=645,000
Step-by-step explanation:
645,000÷15(years) = 43,000
And that will be 43,000.00 pesos every year.
Mr. and Mrs. Martin bought a house and lot worth ₱675,000.00 at Villa Calamba. They made an initial payment of ₱30,000.00. How much will the yearly amortization be if they agreed to pay for 15 years?
₱675,000.00
- ₱30,000.00
₱645,000.00
645,000.00 ÷ 15
= 43,000.00
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