Question 18 The current SRP of a 4x4 M/T Ford Ranger is 1,180,750 php. If a dealer offers 6.25% interest for a five -year installment scheme with no down payment required, how much equal monthly amortization would a buyer make and how much total interest would he have paid after completing the payment? He pays 21,126.83 php monthly with a total interest of168,923.9.37 php. He pays 22,964.72 php monthly with a total interest of 197,133.2 php. He pays 27,453.26 php monthly with a total interest of 215,058.27 php. He pays 16,814.98 php monthly with a total interest of 171,851.43 php.

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,...
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Question 18
The current SRP of a 4x4 M/T Ford Ranger is 1,180,750 php. If a dealer offers
6.25% interest for a five - year installment scheme with no down payment required,
how much equal monthly amortization would a buyer make and how much total
interest would he have paid after completing the payment?
He pays 21,126.83 php monthly with a total interest of168,923.9.37 php.
He pays 22,964.72 php monthly with a total interest of 197,133.2 php.
He pays 27,453.26 php monthly with a total interest of 215,058.27 php.
He pays 16,814.98 php monthly with a total interest of 171,851.43 php.
Question 19
Transcribed Image Text:Question 18 The current SRP of a 4x4 M/T Ford Ranger is 1,180,750 php. If a dealer offers 6.25% interest for a five - year installment scheme with no down payment required, how much equal monthly amortization would a buyer make and how much total interest would he have paid after completing the payment? He pays 21,126.83 php monthly with a total interest of168,923.9.37 php. He pays 22,964.72 php monthly with a total interest of 197,133.2 php. He pays 27,453.26 php monthly with a total interest of 215,058.27 php. He pays 16,814.98 php monthly with a total interest of 171,851.43 php. Question 19
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