e consideration, he decided to keep the house and have it rented for P4,500 per month startingtwomonths after the purchase . He collected rent for 15 months and then sold the housefor P600,000. If the interest rate was 1.5% per month, how much extra money didhemake or lose by not selling the house immediately after it was remodeled?
e consideration, he decided to keep the house and have it rented for P4,500 per month startingtwomonths after the purchase . He collected rent for 15 months and then sold the housefor P600,000. If the interest rate was 1.5% per month, how much extra money didhemake or lose by not selling the house immediately after it was remodeled?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A man purchased a house for P425,000. In the first month that he ownedthehouse, he spent P75,000 on repairs and remodelling. Immediately after the housewas remodeled, he was offered P545,000 to sell the house. After some consideration, he decided to keep the house and have it rented for P4,500 per month startingtwomonths after the purchase . He collected rent for 15 months and then sold the housefor P600,000. If the interest rate was 1.5% per month, how much extra money didhemake or lose by not selling the house immediately after it was remodeled?
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