The cash price of a motorcycle is Php325,000. A fixed amount is to be paid at every end of the month for 1.5 years. Find the monthly payment if the interest charged is 9% compounded monthly? O Php21,136.37 O Php18,995.55 O Php21,205.42 O Php19,369.24

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
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The cash price of a motorcycle is Php325,000. A fixed amount is to be paid at every end of the month for 1.5 years. Find the monthly payment if
the interest charged is 9% compounded monthly?
O Php21,136.37
O Php18,995.55
O Php21,205.42
O Php19,369.24
Transcribed Image Text:The cash price of a motorcycle is Php325,000. A fixed amount is to be paid at every end of the month for 1.5 years. Find the monthly payment if the interest charged is 9% compounded monthly? O Php21,136.37 O Php18,995.55 O Php21,205.42 O Php19,369.24
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