You availed of a car company's promo of zero percent down payment for their Php1.2 million-SUV payable monthly for 5 years with 10% interest compounded monthly. After paying for the car for two-...


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You availed of a car company's promo of zero percent down payment for their Php1.2 million-SUV<br>payable monthly for 5 years with 10% interest compounded monthly. After paying for the car for two-<br>and-half years, you decided to pay-off your entire outstanding balance to save on interests. How much<br>are you going to pay after completing payment for two-and-half years of the chattel mortgage?<br>

Extracted text: You availed of a car company's promo of zero percent down payment for their Php1.2 million-SUV payable monthly for 5 years with 10% interest compounded monthly. After paying for the car for two- and-half years, you decided to pay-off your entire outstanding balance to save on interests. How much are you going to pay after completing payment for two-and-half years of the chattel mortgage?

Jun 02, 2022
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