A man purchased a car with a cash price of P350,000. He was able to negotiate with
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A man purchased a car with a cash price of P350,000. He was able to negotiate with the seller to allow him to pay only a down-payment of 20% and the balance payable in equal 48 end of the month installment at 1.5% interest per month. On the day he paid the 20th installment, decided to pay the remaining balance. How much is the monthly payment and what is the remaining balance that he paid?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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