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Miss Ramos borrows P1,000,000 at a nominal interest of 9.569 % pa compounded monthly. He must pay back the loan over 30 years with uniform

Miss Ramos borrows P1,000,000 at a nominal interest of 9.569 % pa compounded monthly. He must pay back the loan over 30 years with uniform monthly payment due on the first day of each month. Approximately what amount does Miss Ramos pay each month? Present cash flow.

a. 8392 b. P846 c. P850 d. P856

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