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Instructions: Fill in the blanks and calculate the monthly payments for a car loan having the details as provided below. Item Computation Sticker price of a car Excise tax Licensing Fee Down Payment Annual interest rate "r" Number of payments a year Number of years Periodic rate of interest i Loan PV Php 1,700,000.00 20% Php 20,000.00 35% 6.0% 12 Answer: Answer: PMT Answer:

Instructions: Fill in the blanks and calculate the monthly payments for a car loan having the details as provided below. Item Computation Sticker price of a car Excise tax Licensing Fee Down Payment Annual interest rate "r" Number of payments a year Number of years Periodic rate of interest i Loan PV Php 1,700,000.00 20% Php 20,000.00 35% 6.0% 12 Answer: Answer: PMT Answer:

Essentials Of Investments
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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Learning Activity No. 2 – Abstraction (Critical Thinking) Instructions: Fill in the blanks and calculate the monthly payments for a car loan having the details as provided below. Item Computation Sticker price of a car Excise tax Licensing Fee Down Payment Annual interest rate "r" Number of payments a year Number of years Periodic rate of interest i Php 1,700,000.00 20% Php 20,000.00 35% 6.0% 12 3 Answer: Loan PV Answer: PMT Answer:
Transcribed Image Text:Learning Activity No. 2 – Abstraction (Critical Thinking) Instructions: Fill in the blanks and calculate the monthly payments for a car loan having the details as provided below. Item Computation Sticker price of a car Excise tax Licensing Fee Down Payment Annual interest rate "r" Number of payments a year Number of years Periodic rate of interest i Php 1,700,000.00 20% Php 20,000.00 35% 6.0% 12 3 Answer: Loan PV Answer: PMT Answer:
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