Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of 1,750,000Php payable monthly for 4 years from a bank that offers 10% compounded monthly. How much is her monthly payment?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Question
Q1.2
Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of
1,750,000Php payable monthly for 4 years from a bank that offers 10% compounded monthly.
How much is her monthly payment?
I
A
44,384.25Php
B
56,467.58Php
44,384.52Php
D
56,476.58Php
Transcribed Image Text:Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of 1,750,000Php payable monthly for 4 years from a bank that offers 10% compounded monthly. How much is her monthly payment? I A 44,384.25Php B 56,467.58Php 44,384.52Php D 56,476.58Php
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