An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.14.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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6.
An amortization
of a debt is in a form of a
gradient series of P10,000 on the first year,
P9,500 on the second year, P9,000 on the
third year, P8,500 on the fourth year.
Determine the future amount of the
amortization if interest is 0.14.
Transcribed Image Text:An amortization of a debt is in a form of a gradient series of P10,000 on the first year, P9,500 on the second year, P9,000 on the third year, P8,500 on the fourth year. Determine the future amount of the amortization if interest is 0.14.
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