Question: You bought a split type aircon and decided to avail a buy now, pay later zero % interest scheme. You will pay P3800 for 12

You bought a split type aircon and decided to avail a buy now, pay later zero % interest scheme. You will pay P3800 for 12 months that will start after 3 months. If you pay in cash, they will give you a P 8000 discount. Is the zero % interest scheme true? What true nominal interest compounded monthly are you really paying? ANSWER IN HANDWRITTEN SOLUTION NOT EXCEL.

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