You close up your purchases and as you and your partner were celebrating your newly bought properties, your eldest child who is about to be 18 is asking for a car for his birthday. You go to Nissan and asks for a quotation for the new Nissan Navara4x4 VL Sport Edition AT. The dealership offers its price at P1,635,000 with a 20% down payment. How much will be your MONTHLY payment if the interest is marked at 4.5% compounded MONTHLY over a period of 5 years? Approximately how much should you be saving per day to pay for the monthly payments?

You close up your purchases and as you and your partner were celebrating your newly bought properties, your eldest child who is about to be 18 is asking for a car for his birthday. You go to Nissan and asks for a quotation for the new Nissan Navara4x4 VL Sport Edition AT. The dealership offers its price at P1,635,000 with a 20% down payment. How much will be your MONTHLY payment if the interest is marked at 4.5% compounded MONTHLY over a period of 5 years? Approximately how much should you be saving per day to pay for the monthly payments?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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