A man receive 125,000 php credit for his old car when buying a new model costing 875,000 php. What cash payment will be necessary so that the balance can be liquidated by payments of •15,000 php a...

Engineering Eco

Extracted text: A man receive 125,000 php credit for his old car when buying a new model costing 875,000 php. What cash payment will be necessary so that the balance can be liquidated by payments of •15,000 php a month for 1 year with 8% interest •12,000 php a month for 2 years with 6% interest •10,000 php a month for 4 years with 3% interest Note: Neglect the inflation. (Make a Cashflow diagram)