A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly installments for "x" years at an interest rate of 15% compounded monthly. If the monthly...


A man paid 10% down payment of<br>P200,000 for a house and lot and<br>agreed to pay the balance on monthly<br>installments for

Extracted text: A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly installments for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P42,821.87, find the value of x?

Jun 08, 2022
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