A man bought a car for P 650,000 on an installment basis. If he paid a down payment of P 120,000 cash and proposed to pay the balance in equal monthly payments for 2 years, what should be his monthly...

Extracted text: A man bought a car for P 650,000 on an installment basis. If he paid a down payment of P 120,000 cash and proposed to pay the balance in equal monthly payments for 2 years, what should be his monthly payment, if interest is at 10% compounded monthly? Select one. O a P18.348 Ob P 24,447 Oc P 22,664 O d. P16,782