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A living room set costs P68,000. The buyer pays P25,000 down payment and the balance will be paid by equal monthly installments for 18 months

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A living room set costs P68,000. The buyer pays P25,000 down payment and the balance will be paid by equal monthly installments for 18 months with interest rate of 4% compounded monthly. Find the monthly payments and construct an amortization schedule

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