Yukihira paid a 10% down payment of P200,000 for a restaurant and agreed to pay the balance of monthly installment for 60 months at an interest rate of 15% compounded monthly. What is the monthly installment? O P47,491.04 O P42,821.8 P44,372.07 P49,770.65
Yukihira paid a 10% down payment of P200,000 for a restaurant and agreed to pay the balance of monthly installment for 60 months at an interest rate of 15% compounded monthly. What is the monthly installment? O P47,491.04 O P42,821.8 P44,372.07 P49,770.65
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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![Yukihira paid a 10% down payment of P200,000 for a restaurant and agreed to
pay the balance of monthly installment for 60 months at an interest rate of 15%
compounded monthly. What is the monthly installment?
P47,491.04
P42,821.8
P44,372.07
P49,770.65](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faaa214ad-556c-4539-8480-3389ae5be083%2Fd6a68c65-6561-49ee-881d-221a4e4d0436%2F9vwwgzi_processed.png&w=3840&q=75)
Transcribed Image Text:Yukihira paid a 10% down payment of P200,000 for a restaurant and agreed to
pay the balance of monthly installment for 60 months at an interest rate of 15%
compounded monthly. What is the monthly installment?
P47,491.04
P42,821.8
P44,372.07
P49,770.65
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