Answer:
P764,035.0877 or P764,035.09
Explanation:
PHP 650,000 - Overall price of the car
5 Years - Term of of payment
9.5% - Interest Monthly
5 Years = 60 Months
60 x 9.5% = N
60 x 0.095 = N
N = 5.7
5.7 - Multiplier
650,000 ÷ 5.7 = 114,035.0877
114,035.0877 - 9.5% Interest in PHP
650,000 + 114,035.0877 = 764,035.0877
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer:
P764,035.0877 or P764,035.09
Explanation:
PHP 650,000 - Overall price of the car
5 Years - Term of of payment
9.5% - Interest Monthly
5 Years = 60 Months
60 x 9.5% = N
60 x 0.095 = N
N = 5.7
5.7 - Multiplier
650,000 ÷ 5.7 = 114,035.0877
114,035.0877 - 9.5% Interest in PHP
650,000 + 114,035.0877 = 764,035.0877