Bugs bought a car worth Php 2,000,000 and right away paid off 25% as down payment. He decides to pay the remaining balance in quarterly installments. If interest is at 8% compounded quarterly, how much should he pay every quarter if he wishes to completely pay off the loan at the end of 5 years? O Php 122,313 O Php 61, 735 O Php 82,313 Php 91,735
Bugs bought a car worth Php 2,000,000 and right away paid off 25% as down payment. He decides to pay the remaining balance in quarterly installments. If interest is at 8% compounded quarterly, how much should he pay every quarter if he wishes to completely pay off the loan at the end of 5 years? O Php 122,313 O Php 61, 735 O Php 82,313 Php 91,735
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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