Sam borrowed P150,000.00 in a bank that offers 6% interest compounded monthly and promised to pay a certain amount of money every month to pay the debt in 3 years. What is the total number of payments?

a. 3
b. 6
c. 12
d. 36

Sam borrowed P150,000.00 in a bank that offers 6% interest compounded monthly and promised to pay a certain amount of money every month to pay the debt in 3 years. How much monthly payment must she pay?

a. P4,563.29
b. P5,563.29
c. P6,563.29
d. P7,563.29