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1. Let's assume that you just graduated and was able to secure a good job contract where you are earning about P30,000 per month (after

1. Let's assume that you just graduated and was able to secure a good job contract where you are earning about P30,000 per month (after tax has already been deducted).

You were able to identify three cars that you want to purchase:

  • A Sedan that costs 662,000
  • An SUV that costs 968,000
  • A van that costs 3,680,000

You've talked to a bank that offers an 8 year auto-loan with monthly payments at the end of the month. The interest rate that they offer is 5.36%.

What would the monthly payment for the Sedan be (use 4 decimal places)

2. Let's assume that you just graduated and was able to secure a good job contract where you are earning about P30,000 per month (after tax has already been deducted).

You were able to identify three cars that you want to purchase:

  • A Sedan that costs 662,000
  • An SUV that costs 968,000
  • A van that costs 3,680,000

You've talked to a bank that offers an 8-year auto-loan with monthly payments at the end of the month. The interest rate that they offer is 5.36%.

What would the monthly payment for the SUV be (use 4 decimal places)

3. Let's assume that you just graduated and was able to secure a good job contract where you are earning about P30,000 per month (after tax has already been deducted).

You were able to identify three cars that you want to purchase:

  • A Sedan that costs 662,000
  • An SUV that costs 968,000
  • A van that costs 3,680,000

You've talked to a bank that offers an 8-year auto-loan with monthly payments at the end of the month. The interest rate that they offer is 5.36%.

What would the monthly payment for the van be (use 4 decimal places)

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