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Bingo is planning to buy a new mobile phone that cost P 1 2 0 , 0 0 0 . He was given an option

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Bingo is planning to buy a new mobile phone that cost P120,000. He was given an option to pay on installment basis at the rate of 6% for 12 months. Determine the monthly amortization and construct the 12-month amortization schedule.
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